Hedge Recommendation fills: Take the new crop Minneapolis wheat recommendation and SRW hedges to the market on today’s reopening.
The orders placed 3 weeks ago, which looked unattainable at the time except for our chart signals, are now filling.
Exited the remaining old crop KC wheat at 678 on the May contract. This contract is deliverable on Thursday, so we don’t have to roll anymore. Will mark the sale as final.
Made our first new crop sale on KC wheat of 35% on the July contract at 692. (obviously for wheat producers and Eastern Kansas and areas that have production capabilities)
Sold the remaining old-crop Minneapolis wheat at 705 on the July contract, but we will make the first new-crop wheat sale of 35% on today’s reopening.
Sell the remaining retained SRW wheat ownership on the May contract on today’s reopening. Mark the 35% new crop SRW wheat sale as well on today’s opening on the July contract