What is the plan now?
I’ve been trading wheat since week 1 and I’ve been conisistent with the factors I’ve been looking at. Weather will continue to play a role in production for the different major players and I will continue to take a look at that. I will closely look at the storm in the east coast and see if it will affect production.
I have also been contemplating trying to trade with other commodities. If I do decide to trade corn or soybeans I would still take a look at weather because it is arguably the biggest factor for production. The biggest difference though is if I do a trade for one, I’ll do the same trade for the other due to their substitutability.