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Selling some 2017 corn and beans Friday
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Andre54
Posted 9/26/2016 07:18 (#5549553)
Subject: Selling some 2017 corn and beans Friday


central ontario
With the size of the 2016 crops here in NA and globally there does not seem too be any real need to have the rallies we have had in past years,there are still a lot of crops too be harvested and too think that harvest sales will not be made is an underestimation of the producers need for cash and the need for storage room.
Sold some July 18 corn that had a cash price of 5.08 which is not much worse then the high that was offered at the spot cash high in June this year here in Ontario,These sales of corn and beans are cash priced, no risk and 20 months of time too buy a call on the beans and corn when these markets get washed out,which they will several times from now till delivery time.
These prices will allow us too eat and make a profit which is my goal.Just about went too 100% sales but the fall harvest price being offered was pulled back,the offer was incorrect the day before and was off by .20 cents .
This move could have also been done on a forward cash sale basis like above,buy the cash grain now store it till June 2018 and have an aprox 20% return, almost better then farming ground for the coming year.

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