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Shaggy98
Senior Advisor

KC Wheat

Is this market going to let up? Over $1.50 increase since Feb. Is this trading the deteriorating conditions or the Crimea feud?
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11 Replies
Hobbyfarmer
Honored Advisor

Re: KC Wheat

YEP

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crophugger
Senior Contributor

Re: KC Wheat

Shaggy took a drive down to Winner SD yesterday no snow to be seen runoff probably done unless we get a late winter storm. Missouri river looked about average level any tributary running in not much water. Pretty dry March here so far. Lots of planters gettin ready to roll.
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hanktbd
Senior Contributor

Re: KC Wheat

Both I think Shaggy. Plus the worsening drought conditions in the middle east. Shorted a few shares of Tecrium WEAT this morning. Set the stops at + 40 cents. Don't really have any conviction that the price is going down, but wanted to try a mini test run as a marketing tool for the future.

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Shaggy98
Senior Advisor

Re: KC Wheat

I've got a few puts in place but was wondering if I should lift them while they are still worth a little something until this market shows signs of weakening.
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crophugger
Senior Contributor

Re: KC Wheat

Its about your weather now ours is still 4 to 6 weeks away. Wheat is probably buying a few acres up here though
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c-x-1
Veteran Advisor

Re: KC Wheat

careful with the puts

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Shaggy98
Senior Advisor

Re: KC Wheat

CX1?
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c-x-1
Veteran Advisor

Re: KC Wheat

yessir, that's my handle.

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Shaggy98
Senior Advisor

Re: KC Wheat

I was meaning What do you mean by your be careful comment?
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