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Veteran Advisor

Re: Very little 2013 sold

Wheel, I have zero new crop corn contracted. I have forward sold some beans though. We are soo short on corn that I feel we get a shot at $6 with any weather hiccup this spring or summer.

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Honored Advisor

Re: Very little 2013 sold

C -X-1,  Check out my signature............Smiley Wink

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Advisor

Re: Very little 2013 sold

Pretty much the same thing as last year, yeah.

 

Beans rallied due to drought in SA last year, made corn look like a joke. Beans rallied this year due a record crop in SA? Anyways, whatever you call it, beans are in a much better shape than last year. I remember sweating the thought of futures below 11; I almost had to make a tough call to sell all beans @ 11 or face trouble.. Luckily, they turned out to be worth 16-17 bucks later in the year in July.

 

Judging by how many of you would sell some corn @ 6 bucks, I figure I made a good choice by selling some @ 5.80 in the fall. But I am thinking thats the lowest price that I will sell this year. Lol!

 

13s not too bad for soys though.. but I think 14-15 is possible at the implied carryouts here. Thats my next target for beans here. Thats still alot of money here boys.

 

 

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Veteran Advisor

Re: Very little 2013 sold

your signature, roarin'?.....if you are talking about your quote.......love it!!!  sorry, a little slow today.

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Senior Contributor

Re: Very little 2013 sold

^ I'm lost. What signature or quote?
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Veteran Advisor

Re: Very little 2013 sold

roarintiger always ends his posts w/ - success happens when preparation meets opportunity.

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Advisor

Re: Very little 2013 sold

First off, I know there are so many people that already have 2012 crop deferred into 2014 that there is not an urgency for them to market anything at these levels. They can wait a little while. I also  don't understand advisors telling producers to sell and buy calls. It looks to me like the big action could be in basis, this leaving futures as the lagging portion of our market.

Honored Advisor

Re: Very little 2013 sold

id: case in point. we went +38 cash corn yesterday. 
+5 beans locally

that 20 cent basis improvement the last month can't be seen in CBOT #'s but can in the check  from  cash sales.

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Re: Very little 2013 sold

One way to avoid income tax problems is to sell $13 beans for $9.
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Advisor

Re: Very little 2013 sold

Nox , i love to use this question on my farmer friends. "you know what's worse than paying income tax?" 

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