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Just Priced 2016 Barley
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Russet
Posted 1/21/2016 15:16 (#5053315)
Subject: Just Priced 2016 Barley


East Idaho
Just priced 50,000bu of malt barley @ $5.15 ($10.73/CWT) for November delivery. Was getting nervous and decided I didn't have the stones to hang in there to see if the wheat markets would make a little rally into May/June. At 5.15 I'm turning a profit which is probably better than some on here. Figured now wasn't the time to get greedy and there was a much higher risk to the downside than the up. Did I do the right thing or should I have hung in there.

What are the malt barley bids being offered at for MT and ND?
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