pricing grain this week????

[bucket]

With the rain in the forecast , should a guy step out and price some grain for new crop?

The rain won't be enough to finish but the market doesnt think the same way as I do...

Should a guy get some done at these levels?




I think this is a market thread?

[Hamloc]

Certainly the weather over the weekend in the U.S. certainly has markets heading up this morning. I have certainly been thinking about putting some targets in. I guess the question is, how much higher can they go?

[bucket]

Certainly the weather over the weekend in the U.S. certainly has markets heading up this morning. I have certainly been thinking about putting some targets in. I guess the question is, how much higher can they go?

Thats what I am wondering .. if the rains don't materialize as forecast ...then what...I know right now this is another critical rain as they all will be this year.

The few days of heat didn't move the crop development significantly like I was expecting.

The roots are finding out there is nothing down below.

[jazz]

Certainly the weather over the weekend in the U.S. certainly has markets heading up this morning. I have certainly been thinking about putting some targets in. I guess the question is, how much higher can they go?

Gotta be near over for the northern US plains isnt it? I mean corn and soy need some big rains by now dont they?

In 88 our crop was done in mid June and all that was left to do was call the adjusters. Nobody bothered to reseed and good thing, it never rained again that summer. Cut the crop for feed and done.

[blackpowder]

Already done 40 of wheat and 20 of canola here. Off combine. Every area different needs stressing.

[burnt]

New crop is leading and holding the gains better than nearbys.

[crusher]

I've made some sales for new crop. Some above the current market, some below. You never know when the market has priced in the weather. All I know is when it turns, it turns hard and you better have a plan. Sold some old crop canola for $24 and it was $19 10 days later.

[Guest]

With the rain in the forecast , should a guy step out and price some grain for new crop?

The rain won't be enough to finish but the market doesnt think the same way as I do...

Should a guy get some done at these levels?




I think this is a market thread?

NO!!!!!!

[biglentil]

The crop is far from in the bin . Hodl.

[woodland]

Certainly the weather over the weekend in the U.S. certainly has markets heading up this morning. I have certainly been thinking about putting some targets in. I guess the question is, how much higher can they go?

I remember thinking how much higher prices could go all winter after pulling the pin on $5.50 barley and $16 canola…………

0 reserve moisture here with only spotty showers in the forecast. Expectations here are linked with moisture right now so they are quite low.

Never have done forward sales before it’s in the bin so not going to change now. Good luck to all who have the guts to do that though. Who needs Vegas………. Now back to checking my “undervalued” bovines…………

[Taiga]

There are big areas not winning the rain lottery.
I have only had 20mm since seeding in a single event. Nothing forecast.
Lots of fields in the area where nothing is even out of the ground yet. At the same time others in area got lucky with really localized storms and fields look good.
Peace region

[poorboy]

Be honest about your moisture

Remember if you forward sell and don’t have the production you have to buy back the futures and the basis. Could easily cost you $2-4/bushel to buy out the basis if its a huge area with no production.

If you have decent moisture, I would think about selling some, if you are dry it is very risky in my opinion.