My feelings too. I know this is by no means a typical year but prices are often depressed between December and May IMOYB- I get the feeling consumers are buying hand to mouth, with plenty of cover Feb, but I bet there's still stuff to cover March, April and somewhere in the trade they will be very short physical wheat May-July. 6 months till UK combines role, and with little harvest pressure, I think we could still see a few little spikes yet.
Sorry to maybe repeat my self but as always never sold forward. Always held stock of long term cereals like Wheat and Maize. Always sold harvest rape, sunflower, saffron, Soya etc..Always annoying when storing grain for months leads to a reduced price. There's been a number of years in the last ten where dumping it all at harvest has seen about the top of the market.
As so often when beans are in the teens, buy em or plant em. Excuse me said that on a forum months ago.Soyabeans have been trading in the 14 - 15 dollar range since November. They are'nt any stronger now than they were two weeks ago. The whole oilseeds complex is over done. If you don't sell on this latest rally you are risking running right into the massive Brazalian harvest (brz upgraded again today) and lets not forget Argentina have 'only' been downgraded to just the 50 million tonne crop !