- Location
- Huntingdon
You sell the futures and buy them back at lower money to cover yourself, just exactly the reverse of what you had proposed.I don’t understand it
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You sell the futures and buy them back at lower money to cover yourself, just exactly the reverse of what you had proposed.I don’t understand it
Some yes, a lot very recently, a bit like the straw job, everyone panicked and sought cover, if UK farmers weren't prepared to sell then buy something elsewhere, to cover your self, several on here were doing it buying maize instead of wheat.We haven't normally started yet , presumably this has been ordered some time .
Go on twitter and look up agronomyukraine an ex lecturer of mine, he's very much boots on the ground all over that way, and runs a good twitter feedAny updates on Ukraine/Black Sea/Russia.
Initial indications were they like us had a late spring but went from -20C to +20C.
I have been going there for 6 years May/June and have never seen rain except for this year. They have high pavements to stop the water getting in the shops/pubs.
On that note I don't think things by their standards looked too bad other than piles of rotting hay (welcome to a Scottish haymaking summer boys).
I didn't travel far by air in daylight so when in an area where small fields are square miles I might have missed the disasters. Anybody there to comment?
there's life in this market yet
dorset price is lower than more northern areasWhat's the opinion? Sell some 2019 wheat at a sell order of £170/t ex farm (£177 LIFFE)? Is that achievable??
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Well I sold a load or two at that price. Well above my COP so why not? No idea what a “sell order” is though. Apologies if this post is irrelevant.What's the opinion? Sell some 2019 wheat at a sell order of £170/t ex farm (£177 LIFFE)? Is that achievable??
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Hold on. Your one of the biggest contributors on here. So I’m sure your looking at the markets aswell.A sell order is to book an agreed tonnage when the desired price is reached. I’ve done plenty of those in the past when I’m too busy on field work to watch the markets.
Seen plenty of prices not achieved when the market gets within £2 then drops like a stone!
Hold on. Your one of the biggest contributors on here. So I’m sure your looking at the markets aswell.
Wise words! Anyone’s guess what next. One thing is for sure as little England continues it’s slide toward failed state status the pound will continue to lose value. Just ask JRM.My 2p worth is that at £190ish or so for feed wheat, there is more downside potential than upside.
There will be opportunity though
The markets were complaining last year that flat markets provided little scope for making any money - current volatility is providing plenty of scope for making, or losing, a small fortune.
Be careful who you trade with, those with the biggest prices may not have the deepest pockets...