AgriTalk After The Bell: Scott Davis Bullpen Trading 2-16-18

AgriTalk After The Bell February 16 2018
AgriTalk After the Bell
( AgriTalk After the Bell )

AgriTalk After The Bell Host Chip Flory is back in studio after a week on the road. He talks markets with Scott Davis from Bullpen Trading ahead of the long weekend. 

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Submitted by Dustin on Mon, 04/02/2018 - 09:11

After the recent planting intentions report I think the USDA has spring wheat acres way off there will be a little more than the last 2 years but not nearly as much as USDA has forcasted. I think the traders have forgot the economics of wheat up in North Dakota you have to take .50 off for basis and another .50 for protein discounts. So at 6.30 futures you are left with 5.30 wheat. Or plant soys and lock on 9.40 and don't have to worry about discounts. I'll go with soys myself.