Your Pro Farmer newsletter (Aug. 14, 2021) is now available!
Wheat futures surged to new contract highs following USDA’s bullish report data on Thursday. The outlook is bullish and the technical breakout opens additional upside potential, but it also creates a selling opportunity. We advise wheat hedgers and cash-only marketers to sell another 10% of 2021-crop to get to 70% priced. Spring wheat producers should adjust sales according to your production prospects. We also advise all wheat producers to sell another 10% of expected 2022-crop production for harvest delivery next year to get to 20% forward-priced. Download this week's newsletter here.