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S Illinois | Possibly but most years from 1984-2006 and then from 2014-2020 we have had a lot of grain market years feel like this. Years were hedging and then picking up that extra 50 cents in basis and rolls are where the real profits came from. And those who didn’t hedge or had to spot price were left holding the bag.
Not really advocating selling now but if we get Dec corn into that 4.25-4.30 range July could possibly be 4.60-4.70 and Dec 25 probably 4.80-4.90. Perhaps we are returning to normal marketing where the risk is placed back upon those holding unpriced inventory and the market rewards those selling further out where the unknowns are higher. | |
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