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$12.00 Soybeans?
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ScottPA
Posted 9/23/2007 20:56 (#208303 - in reply to #207724)
Subject: Re: $12.00 Soybeans?



Jersey Shore, PA
Farmers must know their cost of production and what a good profit is.

The more you wait for the top the more you end at the bottom, old wise saying.



Well put Ed. You need to sell some on the way up to ensure a profit. Nobody ever thinks its going to end when prices are rising. There's all kinds of reasons for it to keep going up, but eventually it will level off and/or drop.

Not saying 12.00 won't happen, but leave some bushels unsold for that gamble not all bushels. When it comes down it usually comes down faster than it went up.

just my opinion.
Scott
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