it won't be as simple as hauling $6.xx wheat out of a terminal on a $4.xx futures contract. 

probably not but 5,000 x $2.00 per contract does make it enticing.. 


Given that even though futures are falling.. actual cash prices are on the rise here.. local basis popped $.10 yesterday.. futures down $.07.. +$.03

Given that we are looking at another 1.8 byn bushel crop give or take vs 2.1 byn in demand chopping 300 myn off ending stocks.. there is very little incentive to take the current values offered.

The funds play their games but the clock is ticking before they have to get out.. yes they can roll it.. but farmer sales have and will continue to remain nil..   IF we cut another 300 myn from 2018 carryout.. we're looking at $6.00 prices even if Exports remain stagnant.

later.