Not to beat a dead horse, but this horse is getting deader.  Is that even a word? Deader?

We have already discussed the soybean side at great length earlier this summer here on NAT.  But look at the Corn.
I wrote one 5K bu contract as a trial balloon for corn.

January 29, they had me 20% sold at $3.925

Feburary 12, I'm only 5% sold at 3.835

March 4, we're back to 20% sold only now were at $3.805

April 8, 95% hedged at $3.81
By April 29, They are 100% hedged at $3.79

Ok, 100% hedged...  I'm thinking risk off... correct?
Nooooooooooooo!

I haven't bothered looking since then, because... well that's the whole point of having "pro's" market your crop correct?  So you can go do what you do best?   So the Cargill rep wants to stop by today so I check latest Cargill update.

August 19 email opened today and I'm only 85% sold at 3.685????????  wth

Cargil Rep brings current contract 8/29 and now it's only 75% sold at 3.635?????   

By my harvest projections, loosing 1% and .5cents per day, I should be at 15% sold at $3.33 by October 29.   Hopefully they can price the remaining 85% then at the absolute decade low.


On the other hand, I have to say the Cargill rep is the nicest merchandiser I have ever met and she even brought a dozen cookies with sprinkles on them today.   What can I say.   live and learn.