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South Dakota | The part I really like with this chart is to show the opportunity the market typically provides over a decent length of time for producers to lock in the higher prices offered for the year. Too many focus on hitting the high; or, like this year, not making the same mistake twice (missed out on bean highs so holding off on corn sales in June). Many will say they didn't sell June because it was hot and dry so they didn't know their crop size. But really, my guess is, they probably had 2012 $ signs in their eyes+the bean scenario from above. Hedge small chunks over the statistically proven "premium market" months plus some for the year ahead. Leave a bit for "what ifs" to take advantage of possible higher prices. You may not win the "I sold the high" battle every time, but odds are you'll win the "I survived the ag recession" war. ;) | |
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Crop Insurance Rally.
