(edited)Marketing
Our area was drought stricken, the price increase might not be enough, hrsw and barley bushels or production on dry land down. Of my last 25%, I’m thinking waiting until 24$ a bushel because at some point we’ll realize how short hrsw, barley, and hay we are.
2
(edited)
I feel like it's a waiting game right now.
If we don't get widespread spring moisture, the price will be strongly supported. We could see a another big jump higher.
If we get rain, the price will probably go down. Could knock a few bucks off wheat real quick.
Prices in general are supported by cheap money...which may temporarily wane next year.
Long-term I'm quite bullish on the supply/demand of...
Do what you want, but are you confident that we are that short world wide on quality wheat with how soybeans ending stocks keep growing on a monthly basis.