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Ideas on July wheat , Palm , Coolhand ?
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coolhand
Posted 5/17/2022 20:21 (#9664431 - in reply to #9663985)
Subject: RE: Ideas on July wheat , Palm , Coolhand ?



As far as speculating goes, which I’ve been pretty good at for wheat lately, I’m sold out and sitting out for now.

As for actual crop pricing, I’m not so good. Sold some for this crop over $4 ago. I thought that would be 1/3 of my crop but looking more like half. I’m holding off pricing anymore to see what’s there for yield. I sold one contract for July 23 about $1 ago. Pretty ugly but I know for sure, you can’t sell for high prices unless you sell when price is high. My gut says sell it.

I’m considering selling July 22 or ‘23 and buying July 24, that looks better in KW than Chicago.
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