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| I can only store about 20% of my corn and I am looking for some ideas for what to do with what I can't store. I have been delivering on an early harvest basis contract that got me 20 cents better than the all fall bid and allowed me to collect a 70% advance check for cash flow. I have bought some march $4 calls in hopes of catching a rally as we move forward. Should I just sell across the scale and collect on the calls if we have a price rally, or do more basis contracts or dp and try to collect twice on a rally?
Note: I typically am very aggressive with forward selling, but we didn't know if we had any crop. We have some farms that have been zeroed out by insurance company. No forward sales on the july rally left me in a tough spot.
Edited by slfinms 9/26/2015 16:39
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What to do with crop I can't store
