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Latimer Iowa | Thanks Robin. Always respect your ideas as well. Overall I think we will end up at APH, around 230, and very similar to last year. We are generally too wet here. Everything we own, outside of the 200 bought this year, is pattern tiled along with everything we rent, and most of what is crop shared. Have made a real effort to manage our water, excess or lack there off. Tile has generally been a money maker, this year didn’t do much.
Could really Jack up the marketing gurus here, why I generally avoid market talk except to browse…. Sold APH in May 22 for 6.17, pulled contracts at 5.10 (based on 85% crop Ins being 5.91). 1.07 profit. Resold the corn at 5.95 when it went back up. Pulled contracts again at 5.04. 91 cent profit. Sold for plus 40 basis. 40 cents plus 91 cents plus 1.07 is $2.38 a bushel. Sold it cash when board was 4.80. So cash price of $7.18 a bushel. Without exposing my self to anything but producing a crop backed by crop insurance. No charts or graphs just using the crop insurance tools available to allow hedging. Sometime marketing is over thought. Doesn’t always work this well but I would have been happy with my projected margins when sold the corn for 6.17 initially. Might even get a little crop insurance.
Back to seeding rye and having neighbors think I am crazy. :-).
Edited by Green Acres Guy 9/17/2023 18:08
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Mkt. tlk followers better not read Crop Talk
