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House of Cards?
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Pofarmer
Posted 8/30/2007 12:36 (#195774 - in reply to #195770)
Subject: Re: House of Cards?



At this point, I wish I'd bought some options to protect my forward sales.

Who would have thought a $4.92 basis contract would look bad? At least I've been able to roll that to a $5.23, but the basis here today is at least $1.22. New crop wheat can be contracted for $5 plus. Historically, that's looking pretty good, but compared to $3.50 corn?
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