Have a look at signing the current wheat basis contract under the CWB producer pricing options. Particularly on the CWRS, they are strong relative to history. They can improve cashflow and allow you to achieve a better price relative to the PRO.
With the caveat I don't like the way the CWB calculates carry, I would push for using the March contract. The market is effectively flat for all 3 contracts but there is risk (perhaps reward) in what happens in the May and July contracts (both these are influenced by new crop US winter wheat).
With the caveat I don't like the way the CWB calculates carry, I would push for using the March contract. The market is effectively flat for all 3 contracts but there is risk (perhaps reward) in what happens in the May and July contracts (both these are influenced by new crop US winter wheat).