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I like the strategy but really doubt there is much reason to do it before October.
Plus, if you do it, you really should sell the carry on the old bushels, or a sell a nearby call on the old.
There is always risk to the downside, that is true. In my opinion the downside is very limited in corn and the unknown regarding China gives soybeans upside potential that we otherwise would not have.
With that in mind, use some patience, and display a stiff upper lip. Take some pride in what you produce and try not to sell too much at the lowest price in a decade.
How do you like my marketing strategy?
Like I said, I like it...probably rather than a stiff upper lip, since your strategy requires no pain really, maybe just some patience and you'll be fine. We discussed the upside in corn at the meeting. China needs a few bil bu a year for ethanol, where they going to get it?