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USA | Rolled July 22 wheat HTAs to Sep @ +15, Rolled Sep to Dec @ +20, ,rolled Dec to Mar 23 @ +20 = 55 cents- 3 cent roll fee = 52 cents
Sold Sep wheat puts against wheat HTAs @ 20 cents net, sold Dec wheat puts @ 30 cents net, am going to sell Mar wheat puts @ 30 cents net in the next week or two.
+20 + 30+ 30= 80 cents + 52 cents = $1.32 bu gain since the end of June.
Plan to roll one more time to May, sell puts one more time then deliver the wheat in the bin. | |
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Ways to improve selling price in a down -sideways market.
