Wheat Puts Expired

Back in December, I outlined a plan to sell wheat puts as a means of adding some price to your corn.  The strategy was to take advantage of an extreme low value of wheat to add some premium to your corn marketing.  I recommended selling the $4.30 March put which allowed you to collect .35 cents on every bushel of corn you planned to grow.  When the options expired Friday, March wheat was at $4.31, which meant you were able to keep all 35 cents.  This will be added to the corn track record for 2017.