Posted 1/30/2015 12:04 (#4349778 - in reply to #4349750) Subject: RE: The price will not rally this February
McLeod County, MN
Farmertime - 1/30/2015 10:52
To make .25-.30 off the calls the futures market probably needs to rally .60+! I hope your right but boy that's a big rally with farmers crushing any rally with sales.
I agree its gonna be a tall task. I can store about 50% of my bushels. The rest need to go to town. I am planting 100% corn. Zero seed or fertilizer purchased yet. Lost some land and still hoping to pick up a stray piece or two somewhere.
I will be pretty impressed if there is not at least a little rally between now and planters rolling in Kansas, MO, Illinois area. I dont buy that acres for corn are gonna be down 5 million so I intend to reward the rally if/when it happens.