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New crop wheat
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swne
Posted 7/7/2006 19:01 (#24698 - in reply to #24662)
Subject: RE: New crop wheat


I've sold most of my '07 wheat at an average of $4.00. Yes I did some too early. Could have got over $4.50 here a couple of days ago. I have about a quarter of '08 sold at $4.20. I plan to have most of '08 sold in the next 60 days. You have to ask yourself how many years do we get these prices? I know what 2 consecutive years of $4.00+ wheat will do for my cash flow. Gonna help a lot! I think by harvest next year these prices will look pretty good. If not, I'll still make some money, just not as much as I could have if the prices stay high. Historical charts says we will not stay here for long. You would be charting new territory to have these prices until next harvest.
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