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| Been an armchair marketer for a few years, but now have the opportunity to market a few hundred bushels of corn myself. Here are my options as I see them. Sell tomorrow on the Monday open and get $6.63 cash. Could go July for $6.68 or hold out for 1st half Sept for $6.98. All prices quoted by the elevator where the corn is now. I'm a bit of a Tiger......fan.....myself. I see the fundamentails as still being bullish. That said, I'm not a gambler. The money any way I do it will be much appreciated and I'm tempted to call tomorrow and sell it all Monday spot and take my check. Also tempted to take the $.30 carry and sell Monday for 1st week Sept. I think it might be late summer or even into fall before the extent of the reasons for the bulls to run are known and I'd hate to see that 1st week Sept go from $6.98 to $5.98 on a couple of good crop reports and more ethanol bashing. What would the wiser in this group do? I have no desire (or cash) to play the futures, strictly cash sale of the bushels I've been given.
AaronSEIA | |
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Marketing some real bushels...need help.
