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Advisor
vrbuck
Posts: 858
Registered: ‎05-13-2010
0

New crop 2012 cash

New crop cash 2012 is now 4.99 locally. How does that cash flow for you.
Frequent Contributor
tim7781
Posts: 37
Registered: ‎02-08-2011
0

Re: New crop 2012 cash

we can make it work but dosnt make me want to plant more corn.

Senior Contributor
Mike M2692830
Posts: 220
Registered: ‎05-15-2010
0

Re: New crop 2012 cash

You are right, we can make it work but...FYI, one year ago doing my cashflow statement, cash 2011 corn was 4.88. Very similar prices. These prices won't buy 95 million acres. We didn't need 95 million acres a year ago and we didn't get a 160 yield as we were told we would last March...MikeM

Advisor
425Cat
Posts: 1,636
Registered: ‎05-14-2010
0

Re: New crop 2012 cash

It doesn't.!!  No need to be in a hurry to price the 12 crop. Your timing tells you that.

 

Will need to get most of it priced before harvest though.

Veteran Contributor
unlgrad
Posts: 93
Registered: ‎06-08-2010
0

Re: New crop 2012 cash

still will plant corn over beans.  All the N put on this fall, that ground is locked in.  Now tell me if it will be 220 or 140 for yield next year and that will tell me if I am oversold or not.  More acres nationwide, harder to hit the 160 or above yield.   THat is MHO.

Senior Contributor
GoredHusker
Posts: 1,709
Registered: ‎05-13-2010
0

Re: New crop 2012 cash

Why would you sell now?  If you look at the CZ1 futures, you will see that at this time last year prices for the new crop were actually worse than where the CZ2 futures is today.  We're right at 30 cents higher today on the CZ2 than we were a year ago on this day on the CZ1.  I can't recall a time when the highest price for new crop was seen in the previous December to when the crop was planted.   

Veteran Advisor
Nebrfarmr
Posts: 6,808
Registered: ‎10-25-2010
0

Re: New crop 2012 cash

As of right now, I wish I sold more 2012 crop.

 

However, at this time last year, I wish I had sold more 2011 crop (which I contracted for about $5.35)

By spring, I wished I had more to sell @ $6, and by summer, I had almost nothing to sell @ $7

 

The old saying goes, you usually get 2 chances to sell a crop.  I just need to be ready when that 2nd chance comes around.

Senior Contributor
GoredHusker
Posts: 1,709
Registered: ‎05-13-2010
0

Re: New crop 2012 cash

This topic is somewhat interesting.  While some on here are talking of making sales for the 2012 crop, I'm actually considering lifting hedges on previous sold 2012 crop. 

Veteran Advisor
roarintiger1
Posts: 1,590
Registered: ‎04-29-2011
0

Re: New crop 2012 cash

I'd look at what everyone else is doing........and then I'd do the opposite.   Got to have someone on that side of the boat!

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Contributor
sschevelle33
Posts: 6
Registered: ‎09-24-2010
0

Re: New crop 2012 cash

Coulda woulda shoulda on selling more 2012 a couple months ago. I have not set myself on anything that would be corn on corn next year. I will let the market tell me what to do in March on those acres. Was obviously heavy corn for 2011, so I have quite a few acres to swing. I don't typically do corn three years in a row, so those acres will be beans. What will probably happen, is we will get a one dollar pop early and if producers do what they normally do, we will ride the market up and back down and sell for less than what it is today.