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SC Iowa | DEc '13 corn was 6.65 in early September of 2012
and was 5.75--6,00 for a period of many, many months
based on the record low amount of new crop production on the industry's books, those price levels were deemed too cheap to sell, or to even warrant some kind of option protection....
and I can understand some of it, with a 5.65 crop insurance price....but now we are to the point of harvest, and it looks like the majority of folks will have yields just good enough to keep from collecting much, if any, on their policies....
are you guys back to hoping for 4.25 Dec futures in the short-run to maximize your crop insurance proceeds??
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Ugliest of Them All
