By selling in Dec and buying the July you probably paid about 25 cents more for the July at the time. If the market stays flat for 5 or 6 months that carry will come out of the market and you will have lost that 25 cents without the market really moving up or down. If it where me I would get out of the July contract whenever you can show a little gain and not worry about last years crop. If the market goes up you will gain by being able to price next years crop. It always seems to me like selling the cash and buying futures in forward months is a long time losing proposition as most of the time there is carry in the market that comes out over time. I use the futures a lot but hardly ever for trying to buy back sales.