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Advisor

now comes the hard part

being, actually doing something as compared to talking trash.

 

Looks like this rally could carry toward 11 and 4.50 in new crop and for those who will be cleaning up their last old crop sales it is probably time to be getting a start on or advancing new crop.

 

For those who still own a lot of old crop, you're going to need to sell it somewhere.

 

Given trend yields here and globally, prices are going to be lower next fall.

 

As I've said, I'm nervous enough about weather that I don't want to be making straight up sales tht don't keep upside intact- why do that "at a loss?"

 

But still have to contend with reality or, a one significantly less than 50/50 chance of immediate weather problems may bail you out.

 

 

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Veteran Contributor

Re: now comes the hard part

In the last 4 years my best sales or contracts of new crop and old crop have been between these 2 holidays, I doubt this year will be much different.

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Advisor

Re: now comes the hard part

I'm not worried
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Veteran Contributor

Re: now comes the hard part

I still remember 2 years ago i contracted corn for dec 13 for $6.50 per bushel. That was a joy delivering last fall/winter plus my revenue insurance check. So good point about this time of year but I'm guessing we'll have another chance for dec 15 in the upper 4 ' s at least if not $5 sometime this spring/summer.
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