The 2012 corn crop is a long way from in the bins. a lot can happen. And there is also a lot of money being bet on both ways. For a producer the smart thing to do would be to budget for around $4 corn and hope for $6 corn. It gets me thinking of the old method that is usually profitable: sell a portion of 2/3 (or 3/4 depending on your geographic location/historic yield fluctuations) of your likely corn crop each week from Dec though Aug at same time of the same day each week regardless of price.... Leave the other 1/3 or 1/4 until it is in the bin in case of crop problems and maybe to play with a bit. This way you know 2 things for sure: 1) you will miss selling it all at the top and 2) you will miss selling it all at the bottom. And maybe #3 you will sleep nights and be in business next year. This was shown to me years ago to be a relatively simple but consistently profitable approach. Best not to get tugged one way or the other by some "experts" article or opinion. fwiw. Jim at Dawn
Edited by Jim 4/21/2012 13:24
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