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Advisor
Red Steele
Posts: 4,258
Registered: ‎05-13-2010

Sell those crops!

I have heard it said that markets never go up until most of the production is out of the hands of the producer. For those of you holding those 2012 crops, please hurry up and sell them. I want to have some higher prices on what I am holding! Thanks in advance!

 

With all the DP programs,etc, the endusers are doing their part to get the crop out of the producers hands....why are we all so stubborn on what went into the bins?

 

This is part of why "short crops have long tails".You have too many guys like me that hold on hoping for higher prices, but a few give up and sell each month to keep the market fed. Maybe $7.50 was a good price and in a month or two we will be hoping for $7.25, all the while still remembering the $8 we let slip away.

"Peace on earth would mean the end of civilization as we know it" Joseph Heller
Veteran Advisor
Nebrfarmr
Posts: 6,808
Registered: ‎10-25-2010
0

Re: Sell those crops!

In my case, the $8 didn't slip away, I was too scared to forward sell any more than I did, until I had some yield confirmation.  However, now that I have it in the bin, and the bills covered (with my contracts) until next planting, I think I'll have a 'wait and see' for a lot of what's left.  Too many people trying to get my meager crops delivered to their terminal tells me, they are looking forward, and want control of that corn.

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

Re: Sell those crops!

Most guys around here always save some back calling them their gambling bushels.  Because of the profits from the past five or six years, the gambling bushels have gotten larger and larger.  One might have kept around 10000 bushels back then.  Today, they might keep around 50000 or more.  A lot of times we wonder why elevators aren't moving out grain only to have the elevator manager tell us it's still farmer owned.   

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

Re: Sell those crops!

50K is more corn than I have ever raised in a year, to think that is what some farmers use for 'gambling bushels' is kind of staggering to a guy like me.

Senior Advisor
ECIN
Posts: 1,984
Registered: ‎10-17-2012
0

Re: Sell those crops!

I'm in the same boat as NBF here , with no rain for most of the summer , I played it safe to see if I would even have anything to sell , many stories from farmers being over sold on contracts , with the fear that if you did have any corn to shell it would be worthless in alfa . well it's in the bins and good to go ( for now ) lol So like Red said , come on guy's and sell that corn , so we can later ! lol
Esteemed Advisor
sw363535
Posts: 4,425
Registered: ‎07-18-2011
0

Re: Sell those crops!

Doing our best ECIN.   :smileyhappy:

sw