West Coast asking...

[farmaholic]

Portland bids down 50 cents a bushel today.

Maybe next week's report of West Coast asking prices will be down then. Local bids slipped.

I can ask what ever I want for things I sell, doesn't mean I'm going to get it.

[farming101]

Being the last one with grain to sell doesn't seem to work too well either.
No one needs it anymore

[danny W1M]

101, any thoughts on the MGE Wheat SEPT chart? Did we put in a chart high, are we building the first shoulder for a H&S formation, profit taking pause before the weekend(July 4th esq related) any elevator up again next week if no change in the forecast?
Seems hard to believe this could be the high with all the rough weather around the world?

[farmaholic]

Being the last one with grain to sell doesn't seem to work too well either.
No one needs it anymore

That can be true, but this year it could pay dividends if you can afford to sit on it. Being the last one with grain to sell when no one needs it but you need the cashflow is a big problem for THE GUY HOLDING THE GRAIN.

[farming101]

Good support in here for MWU. Short crop prices do peak early as a rule but with Canada's crop quite a ways from the bin yet I think we could challenge the high again. Graincos are likely to switch to December if there is more stability in that month
Could be very risky to own anything in Sept except some cheap options