Positive sign for wheat ..

[furrowtickler]

Low rider , if you let them they will . If we let Our PM **** the west ... he will , him and his finance buddy are trying every angle .
There were lots of tools and still are to get decent money for good wheat . Take a Kleenex, wipe your eyes , have a look 👀 and maybe think for yourself instead of crying over the useless CWB that is dead and will stay that way .

[furrowtickler]

A lot of wheat was priced at much higher prices and there are lots of options of cheaper herbicides than what they sell if you can quit complains and look around a bit . They will only have the upper hand if you let them , now different than any other business.

[furrowtickler]

It's no different than P&H and Cargil last May 28th saying buy next years fertilizer before June 1st it going up !! Well 5 days later it went down , if your dumb enough to fall for their b/S than I guess the world is their oyster.

[Lowrider27]

FurrowTickler ! You are a laugh riot every minute I'm on this forum. If you think that you are ever going to get the "tools" as you call them , to get the upper hand or even catch up to Big Business, you are either too young or to naive yet to understand that big business Always comes out on top . Even with all the tricks and tools in your tool box you and I and everyone else on this forum are just pee ons to them and there is another new group of pee ons born every year !

[Lowrider27]

And now that I've had a double whiskey and chilled a bit , I will tell you FurtowTickler , that I do respect your line of thinking ,,,,some of the time, just not on the topic of CWB. However, I will agree with you on the Trudeau thing . His dad was an A hole and so is he and so are all politicians! End of Story!

[furrowtickler]

No one will every get the tools to get the upper hand on big business, that's impossible and never implied by me . You just got to look at their song . It's the same one now as it was before the CWB even existed. Just learn to play your own tune . Don't dance to the b/S they play , think for yourself and do what's best for you , not them .

[furrowtickler]

Don't drink too many double whiskey's , you will start swearing and saying things you may regret later .... been there lol .

[farmaholic]

Tools? They will lend you theirs...let you use them to their benefit.

The most important tool you have and should never give up is "control"....don't let them take it from you either....I think everyone here knows what I'm talking about....

[furrowtickler]

Bingo farma ... your last statement says it all . That's why younger guys like Klause need to be encouraged not belittled

[farmaholic]

Don't drink too many double whiskey's , you will start swearing and saying things you may regret later .... been there lol .

Honestly, I swear, I'm not liquored up all the time!!! I just swear alot and I am opinionated and outspoken! Maybe not the most virtuous qualities but its who I am!

[furrowtickler]

Lol , I hear ya farma lol

[Oliver88]

If you look at a historical 20 year futures chart you can see that "normally" is the case.

Or if you want to try something else.

Do a fixed basis and roll the futures too May or July

Do a call for May or July 2018 futures.

Do an averaging contract for a few months off May/July futures.

Lots of other options than locking the bins. Some even let you haul now and stay in the market.

So Kinger, If you were going to do a call for a July 2018 contract would you do this off Minneapolis wheat?
Would it be a futures contract or an option?

[sumdumguy]

Honestly, I swear, I'm not liquored up all the time!!! I just swear alot and I am opinionated and outspoken! Maybe not the most virtuous qualities but its who I am!

You must be , "Joe Blow" from Idaho? 😹

[Kinger]

So Kinger, If you were going to do a call for a July 2018 contract would you do this off Minneapolis wheat?
Would it be a futures contract or an option?

Yeah Minneapolis wheat for Spring Wheat.

You can do a contract now but attach a call for father out futures onto it. Or you can just to a straight call with a broker and sell your wheat to someone who doesn't offer options.

Technically both, but you are using an option to hopefully make more money on the overall contract.

Hope that answers our question.

[farmaholic]

Yeah Minneapolis wheat for Spring Wheat.

You can do a contract now but attach a call for father out futures onto it. Or you can just to a straight call with a broker and sell your wheat to someone who doesn't offer options.

Technically both, but you are using an option to hopefully make more money on the overall contract.

Hope that answers our question.

Kinger, Please do a cost scenario of reasonable price expectations and what price the futures would have to move to to be at least a break-even once the costs of the option is known.

I don't trade paper, and people say alot of times options expire worthless. I am not a fan of futures or basis first contracts.....commits you!

If cashflow is needed, why not maintain control of the grain and take a cash advance? Use a line of credit or operating loan? Unless you think there is storage risk, lack of storage, or credit is maxed out.