Posted by: usset001 | December 20, 2010

Plan Updates: Pre-Harvest Marketing of 2011 Spring Wheat

I first posted my 2011 pre-harvest marketing plan for spring wheat in mid-July. As I did with corn and soybeans, I revised the plan in the first half of November. I was willing to be more aggressive with early wheat sales, and today I am about 50% priced with the Sep’11 contract near $6.60 per bushel. Prices are now $2 higher. Oops!

I prefer to focus on the half that is not priced, and on the 2012 crop, which is also trading north of the $8 mark.

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