I've been looking at cost of production here and $4ish will make me okay money. If I hta for jan. delivery and get the "usual basis" I could be in the neighborhood of $4.45 cash. I have none of my hopeful bushel done yet. Just some cheapo puts. I can forward contract about 12,000 and be very safe. I am usually very heavily contracted come harvest time and it has served me very well over the last 15 years. I would rather get $4 for my first 100bu/a and get $6 for my last 70bu/a than get $4 for first 100bu and be right with $3.30 for the last 70. Just curious were others are at right now. |