Actually a pretty good week for the markets, all in all.
Close to my sell targets for the 2022 crop...a ways to go for 2023 pricing, but I have about a three year window if I can get the 2022 crop gone for current prices or better, and ample storage. If Corn is "worth" in the $5 something for 2023 production, everything else is way out of kelter. I will clean out the bins again this year, aggressively protect 2023 margins with crop insurance revenue products, and GBS the crop.
Financial markets have rolled to a good level. I dumped a lot of money into stocks back in March and April sensing inflation was coming and not counting on a hawkish Fed, and lo and behold....with today's close am back to almost even . Funny how you can say that you are almost breaking even and feel good about it, but after losing almost a third in short order, it does feel good!
Three computer chip makers are weighing down my results, along with one consumer durable stock, and if I take those four out, I have nice gains on the composite of the others. And the big losers are coming back, so I am cautiously holding them.
