Today's action in the wheat (particularly MGEX) would make me very nervous about pricing out over the next couple of weeks. Wouldn't necessarily put the trigger today but I would be nervous.
On the theory of sell high/buy low, I might look at options strategies. That is, buy calls on market dips and be prepared to price on any MGEX rally over the week and a half. You can carry your pricing window into July then.
Again a caveat is you are close to a delivery month and any thing can happen - particularly in the summer weather silly season.
On the theory of sell high/buy low, I might look at options strategies. That is, buy calls on market dips and be prepared to price on any MGEX rally over the week and a half. You can carry your pricing window into July then.
Again a caveat is you are close to a delivery month and any thing can happen - particularly in the summer weather silly season.
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