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95% sold on corn but want to capture potential upside
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hwdcne
Posted 10/11/2014 11:00 (#4120045)
Subject: 95% sold on corn but want to capture potential upside


Soutwest Ks.

Right or wrong, but I have 95%+ of 2014 corn sold at this point.  Lost all of my grain storage via a tornado so leaves me the choice of elevator or dry corn in to our numerous feed yards.  A little of this corn had to be priced before I could haul and it happened to be on the lowest day of the year so far.  Most of it was sold at much higher prices however.  I have been thinking of purchasing July options so capture any improvement in price on some of the bushels I sold at the bottom.  Any advice or thoughts would be appreciated.  It has been prob. 20 years since I dabbled in futures and trying to get my courage up for another shot at it.  Thanks!

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