So, while the odds favor pressure in the near term, the wheat market is on full alert for any production problems for winter or spring wheat. Producers who still have old crop that needs to be moved before harvest should consider getting it priced soon, particularly if we do, indeed, get another rally. If we get a sharp rally, then fixed futures on new crop would be advised. Otherwise, I continue to believe that the long-term trend is up, that the market will at least pay for storage, and that waiting until fall to make additional sales will be a good move. This publication is strictly the opinion of its writer and is intended solely for informative purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named.
Information is obtained from sources believed to be reliable, but is in no way guaranteed.
No guarantee on any kind is implied or possible where projections of future conditions are attempted. Futures trading involves risk. In no event, should the content of this market letter be construed as an express or an implied promise, guarantee or implication by or from Spectrum Commodities, or Man Financial Inc. that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.