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| Well I did not plan for what happened as of late in the soybean market.
We are going 100 percent soybeans this year. Our area is not good corn, plus don't have the harvest equipment for corn. The other option is milo, but there is no
bottom in that market, and it can be so costly planting it.
locally our basis is $1.00 under the fall contract.
I'm not much is using crop insurance to help with market positions.
The market and the "geopolitical" climate has me spooked. The market is depending on alot of international things, esp soybeans.
1. Should we be taking action now, at lockin in the price offered now ? Then the next question is how...local contract, but they do not have an act of god program, you will need to buy yourself out of the contract if you don't raise the bushels. You could go futures, and may need to pay margin calls, or options, which could be expensive.
2. would it be better to wait a while before locking in, in hopes that things will rebound ?
3. how would we capture higher prices, if we establish a floor now ? i guess one could say producing the crop is a long position, We need to somehow roll our price up, but how would that be done, a futures contract, or buying a put ?
i guess the best thing, to help one sleep, would be to lock in the price (but not a good nnights sleep due to the low level the price has been locked into), but as (or if) price goes up, we lock in a higher price...but how to do that with minium risk and cost.
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2026 Soybean market questions
