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Jim Meade / Iowa City
Senior Advisor

Re: How low does she go?

I'm perking my ears up, but not doing much differently.  Very little hedged for 2011 crop, unlike most years when I'm as much as 100% hedged.  A few loads of gambling corn left and I may sit on that for August delivery.

But,. it's time to get a bit more sensitive to the markets.  Is this a normal spring/summer high or just a correction in what will turn out to be a short crop year?  I don't know but I guess I'll end up making some decisions on it, anyway. 

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