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| I have about 60% of last year's bean crop sold, most of which was sold last summer for around 10$, the rest is in dad's grain bin. I have about 40% of last year's corn crop sold again most of that last summer around 4$, the rest in dad's grain bin. Do I sell out on the first decent spring rally or hold until summer regardless of spring prices? Most summers there seems to be somewhat of a hot dry spell to give the market a boost but it's hard to count on that....
I am a young farmer working a full time off farm job also so I don't "need" money right now but will need at least some by mid summer for payments.
I have heard an old saying farmers usually market this years grain the way they wish they would have marketed last years. Last year everyone around "here" me included, held most of our grain into late summer hoping for higher prices that didn't come.
Thoughts, advice?
Edit: To make money I need to sell the rest of the corn for at least 4, the beans I will be making money anywhere over 9.
Edited by Deere6 3/13/2016 18:35
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How much grain do I hold until summer?
