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Poll: How much sold?
There's been some talk here that a lot of farmers have foreward sold grain and may not have much to gain from higher prices. What's the word in your neighborhood?
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Re: Poll: How much sold?
All of 2010 corn and beans and about 60% of the anticipated production for 2011.
Edit: I might have a few bushels of corn over run in the bin.
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Re: Poll: How much sold?
Have 50% dry corn sold at average price delivered 2010 at $5.75 a bushel. All beans sold, delivered 2010, at an average price just over $12.00 a bushel. High moisture corn priced at $7.00 a bushel fed to cattle. All cattle on feed are priced with a packer for future delivery, March/April. Corn silage and barley silage is priced at $50.00 a ton fed to cattle currently on inventory. I am at market risk for 50% of dry corn in the bin and 50% high moisture corn in storage. All crop inputs for 2011 are priced and paid with the exception of additional nitrogen for which we do not have on farm storage, probably a trailer load of liquid 32%.
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Re: Poll: How much sold?
John it may interest you to know the local elevator operator told me that about 50% of beans and 45% of corn was either sold or on contract to be sold when it was delivered this year. Very little on farm storage in my area.
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Re: Poll: How much sold?
All corn and beans sold, but I have half of grain sorghum and a couple loads of wheat in storage. The prices mentioned in an earlier post were not even in the realm of reality in my area, but I'm satisfied with the prices I sold at.
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Re: Poll: How much sold?
I went into the harvest naked. Sold about 40% of soybeans, looking at Dec 10 river close and very little carry. May sell more, I"m not sure. Sold maybe 25% of my corn. I'll most likely hold corn into next spring. I'm aside on the board.