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ne nebraska | I very rarely post on the market talk forum, but do extensive reading here. My marketing skills are, well, pretty much non existent. I did forward sell some corn for a good price, but not nearly enough. I delivered a bunch of corn in December, and renowned on the July board. I did the two transactions simultaneously as I do not want to speculate, but wanted to move the physical and hope for a rally. I found the best basis I could( a good chunk of it 5 under the dec) which is very good for this area. So in December, I sold the cash and immediatley renowned the paper in my broker acct, I bought the July instead of march based on the advice from a marketing friend of mine. My question is, what is a good target to get out of those contracts? I think my avg long price is 3.625, not that it makes any difference. Is adding .30(3.92ish board) out of the question? Thanks and I appreciate all the comments everybody adds and enjoy reading the different takes and opinions on the markets. Have a good weekend.
Edited by kaky9236 1/7/2017 14:45
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When to get out of July corn contracts
