If I jumped around I got burned. It seemed like the price never got a whole lot better after Christmas. Split up the pricing game in 3 or 4 pieces. Berntson says he also believes in diversification. We hope something works out.
Diversification splits the risk.
Selling cash on basis allows us to get the best premium. Then sell futures at a separate point in time, because they generally peak at a different time of year. For 3 of 4 years I've sold before I've planted. Then at harvest I put it in the bin, take an LDP and sell cash wheat in the last week of October or first of week of November. If you have no storage and are forced to sell at harvest, I guess you could buy it back with futures or a call option.