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elcheapo
Veteran Advisor

Wheat is at "lofty levels"

I don't know if I should get mad or cry, if they
Think these are good prices
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4 Replies
WCMO
Senior Advisor

Re: Wheat is at "lofty levels"

This is SRW country and not much wheat here, but local elevator is showing cash wheat at $3.74.  Corn cash at $3.30.  Nothing "lofty".

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sw363535
Honored Advisor

Re: Wheat is at "lofty levels"

Call the coop ................. if the basis got bigger ............. crying is ok.

 

By the way I still have those two contracts of wheat that have been sold and rebought 4 times since whenever I got mad at the price the last time.

They were rolled forward twice this time waiting on a profitable point to sell them and now they are sitting bought at $4.25 (plus $140 in roll costs).

They are now March 18 kcwt.  

Nice couple of days for once.... Gonna force me to bring up a chart again and try to figure out what planet we are on.  Smiley Happy

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elcheapo
Veteran Advisor

Re: Wheat is at "lofty levels"

New crop bids
Wheat. 435
Milo. 334
Corn. 339
Beans. 917

😆😭
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sw363535
Honored Advisor

Re: Wheat is at "lofty levels"

local --

 

wht NC 18        $4.55

Milo NC 18        $3.59

Corn ------           3.99

Beans                 9.07

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