Not The Time To Sell Wheat

With the waterfall decline in wheat prices over the last couple of months, I can understand the concern about selling new crop wheat.  As you can see from the wheat chart below, prices are very near touching the revenue guarantee of the 85% wheat RP policy.  Making sales now will only cap your upside potential because the crop insurance will protect further price declines from here on out.  It is too early to give up on wheat yet.