Posted by: usset001 | July 17, 2010

More 2011 pre-harvest sales of spring wheat

Earlier this week I saw the opportunity to post my 2011 pre-harvest marketing plan for spring wheat, and to make a few sales. The wheat market continues to rise and I added one more sale on Friday.

As I said in an earlier post, the opportunity to price wheat at $1 above production costs is rare. I feel compelled to get something done.

As it stands today, I have about 50% of next year’s spring wheat crop priced. I put a moratorium on any further sales between now and the end of the year. If prices want to continue higher, I can enjoy the fact that half my wheat crop has not been priced, and I’ve barely started on corn and soybeans. There is lots of upside potential.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: