DEL FUT. BASIS CASH DEL FUT. BASIS CASH Jan07 MAR07 -21 $3.88 JAN07 MAR07 -32 $6.95 FEB 07 MAR07 -14 $3.93 FEB 07 MAR07 -26 $7.01 MAR 07 MAR07 -07 $4.02 MAR 07 MAR07 -20 $7.07 Apr 07 MAY07 -10 $4.10 APR 07 MAY07 -25 $7.17 Oct/Nov 07 Dec07 -25 $3.78 Oct/Nov 07 Nov07 -37 $7.415 Jan 08 Mar08 -15 $3.93 Jan 08 Jan08 -18 $7.64 Wheat-Cincinnati CINCI AUR DEL. FUTURES BASIS CASH CASH DP MAR07 -50 $4.30 N/A JULY JUL07 -58 $4.42 $4.35 Even my wife is excited and she is hard to impress. We can make a tidy profit at these prices at the inputs locked in. What would you do in this scernario? I am always learning. I was at a breakfast this morning with some of the best marketers in the area. Their advice was to sell on an upswing like this but they said they would wait for better prices because they can. What do you think? Thanks, Ed Winkle |