News & Publications
June 13, 2024 |
Swing Wide Sweet Wheat
Ag Marketing IQ: Few take the harvest home when wheat prices hit the top. The long-term winning game lies in defining risk and evaluating the cost of ownership.
After being the market leader through April and early May, wheat sold off hard heading into harvest. On the bright side, as the bushels come out of the field, many customers tell me they have been pleasantly surprised with production – not everyone – but many. Before the recent sell-off, we had some great opportunities to protect attractive prices. I hope you took full advantage of these opportunities.
Put floors offered a great tool to embrace the rally and manage a floor up as the market rallied. They allowed many farmers to defend more dollars confidently, leave the upside open, and avoid production commitment when production levels were very uncertain.
