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Forward Contracts
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Ed Winkle
Posted 6/14/2007 10:02 (#162298)
Subject: Forward Contracts


Martinsville, Ohio

Looks like a year to not go crazy forward contracting.  Top unpredictable, bottom looks reasonable to me.

Fall corn is 4 bucks at the river.

How are you positioning yourself to catch unusual, potential highs from here?

30 Day AVG.  CORN       BEANS

               376.5      760.0

 

           CORN                                         BEANS

                               

   DEL          FUT.  BASIS  CASH          DEL         FUT.   BASIS  CASH

   June 07      JUL07   00   $4.045       Jun07        JUL07  -32   $7.945

   July 07      JUL07  -02   $4.025       JULY 07      JUL07  -47   $7.785 

   AUG 07       SEP07  -16   $3.965       Aug 07       AUG07  -58   $7.76 

   Oct 07       DEC07  -33   $3.82        Oct 07       NOV07  -70   $7.85 

   NOV 07       DEC07  -15   $4.00        NOV 07       NOV07  -42   $8.12

   Dec 07       MAR08  -10   $4.05        DEC 07       JAN08  -41   $8.29

   Jan 08       MAR08  -19   $4.06        JAN 07       JAN08  -34   $8.36

                        

                         Wheat-Cincinnati         CINCI    AUR              

                         DEL.   FUTURES   BASIS   CASH     CASH

                         JULY   JUL07      -69    $5.205   $5.175

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