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Twin Cities | Sat, agree with your post completely. Although I don't think you should bank on a board rally with MWE, like we have seen in beans. That thing trades at a snails pace.
Have heard northern Nodak is getting dry too. No moisture in some parts since mid April...
Have seen reports for well above temps and average moisture for spring wheat country for JJA, high pro in the making again? Won't know till August I suppose, just like last year.
Don't think we'll see VOM in the HRW crop down south, never say never I guess.
I don't mind a guy talking about just binning in spring wheat crop either, especially if we get futures back to $5.00. I would highly consider re-owning your spring wheat on the board if you have to bring it to town at harvest.
Be patient, MWE prices are hovering above lows set back in 2009 and 2007.
Edited by 33SDJackMerch 5/23/2016 10:06
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Hrsw scenarios?
