
I just survived my 19th wheat harvest, and I didn’t even get a t-shirt. This year was relatively uneventful compared to some years, outside of basis collapsing at the start and never really recovering after. Quality was decent for the most part across the heart of my trade territory, outside of some regional issues reported due to too much rain.
I would venture to say wheat is the most complex market out there, so complex many seasoned traders say to avoid it, calling it a variety of names, none of which are very nice.