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SE MN | I can't speak for you or anyone else, just my little corner of the world. I bought some $4.70 puts last a few weeks ago, looking to do more. I am hoping prices improve, glad I protected what I did.
For my farm it has very little to do with what the high will be and if prices will be higher or lower in a year. If I see prices that work for me, allow me to pay down debt and move my farm forward I take them. Maybe buy some options to help with the fear of missing out. I'm certainly no marketing genius and I miss the highs every year. But I miss the lows as well.
What do you think the high will be? Have you ever put something out there? Do you think prices will be higher or lower than now when you are harvesting the 2026 crop? Maybe the question for you is why didn't you sell $5.00 May 25 futures if you had unpriced corn in February? Did you think it was going higher? What about $4.75 Dec 25 futures? Did those numbers not work for you? If that is the case that brings up more questions. If not then back to the original. What did you do to manage the price risk for your farm?
Again, my perspective only here... If you have to ask the questions you are asking in the tone you are asking them I would say you shouldn't have any unpriced grain on hand. Maybe you should look into one of those price average accumulators and move on with life.
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So. Everybody on here is reallllllyyyyyy good at telling us what we should have done.
