near term markets?

[furrowtickler]

Any perdictions on the next few days of trade? I know the U.S. is off tomorow, but will the fireworks contiue or will the overdone statements come out swinging?

[cottonpicken]

There were 90,000 unfilled corn contracts so tues will also be limit up.

[furrowtickler]

I hopr you are right, what kind of spot prices are you seeing in your area cp?

[charliep]

Martin Luther King Jr day so no trade today. Corn will be interesting to see if another limit day or a trading day on Tuesday. Both soybeans and wheat have less positive fundamentals and did trade Friday.

Volatility will be the name of the game. If trading futures, more sure your stops are wide and you are prepared to take the risk (at least short term).

[sawfly]

i bit too early last year, but im tempted again with the fpc.

yesterday was $ 6.12 add an average basis of 42 cents = 6.54 subtract 1.44 frt.hld. leaves 5.10
any thoughts?

grade risk on wheat is greater than canola. wheatmidge risk
price /yeild favors canola,
do i consider feed bly (i wont with out a decent locked in price)

peas where are they gonna fall. whats worth more 5$ wheat or peas

[sawfly]

i bit too early last year, but im tempted again with the fpc.

yesterday was $ 6.12 add an average basis of 42 cents = 6.54 subtract 1.44 frt.hld. leaves 5.10
any thoughts?

grade risk on wheat is greater than canola. wheatmidge risk
price /yeild favors canola,
do i consider feed bly (i wont with out a decent locked in price)

peas where are they gonna fall. whats worth more 5$ wheat or peas

[charliep]

Also am curious on peas.

Big corn acres are a fact of live for at least the next 3 years. Expensive nitrogen will be a fall out (at least in the North American context with the note of a comment in another thread about off shore nitrogen sources).

I think it will be important to not go 100 % where the money is in the current crop year but rather look at a more systems approach that takes a 3 to 5 year perspective of better prices for all grains.

So the question of $5/bu wheat versus the same price peas does become valid.