12-15-2012 11:54 AM
Good one MT. I selected other on the poll because I'm already sold. My total bushels was 8.3% of my APH, so I sold it across the scale. Probably left a little money on the table, but I was ready to close the books on 2012. It was still a very respectable price, didn't feel I had enough bushels to truly attach my heart to the market. Just for the record, when you guys talk corn, I'm substituting milo for myself and keep posting accordingly.
12-15-2012 02:50 PM - edited 12-15-2012 04:49 PM
I checked other also. Two of the other choices have a part in the selling but there are tax issues and the news and gut feeling are also a consideration here. The finding of the "right" capital expenditure will trigger sales regardless of price.
As far as a set target price nope don't have one of those. Maybe should have a little more discipline but hard for an old dog to learn some of those "new to me" tricks.
I'm not feeling a real need just to sell for the sake of trading one form of "currency" (bu)for numbers on a pretty strip of paper. (fiat money).
My gut feeling is we are short for at least 7 more months in the corn side and therefore there is no rush or hurry needed. Beans are a much shorted timeline but may get quite interesting by the last couple of weeks of Jan. Basis may have to do the heavy lifting, but the fundamentals point to a pinch in available supplies the first half of Feb to me.
I am NO expert and this is worth just a little less than you paid for it.