The question is: Is the rally due to the yield uncertainty or actual yield decline?
Prices have rallied pretty well considering where they were a few weeks ago. Now the question becomes: is the rally due to the uncertainty of both yield and production or to the actual anticipated production decline?
If it's just uncertainty then as soon as combines row much of that uncertainty may disappear and prices will decline. On the other hand, if there is a real decline in production, can it continue to support the current prices or even rally higher?
The bottom line is: is it time to sell some corn and take some of the risk off the table?
Re: The question is: Is the rally due to the yield uncertainty or actual yield decline?
First it’s time to lock in a good basis. But soon I think it’s time to price 10-15%
unless your one of those who is either waiting on an insurance decision or expecting to harvest corn that’s been on the ground for a month.