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It's all about an individual's judgment personally I think now is a buying opportunity as I don't think there's much going to come out of the ukrain in time. I could well be wrong and russia play ball as the west cave in on sanctions.It's the right price for today's straights.
There is an argument that all bad things have been factored in to today's straights prices and therefore future movements are more likely to be down than up.
Buying is all about leaving a risk your happy with.
If it went up 100 pound a ton it won't cost you more than 10,000 and you've just had a 4 p price rise that you weren't expecting worth probably 28k.
The arable boys fix a margin they can sell wheat and buy fert on same day. Unfortunately we have no idea what are milk price will be if you fix your cake.