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| LongKC I am not sure of the point you are trying to make.... ..But I think the number 1 thing this year (the rest was jut Noise).......Was to understand from the get go, new crop corn was doomed to much lower prices. Just go back to the first projections to S&D reports (February)....and even earlier when 97 million acres was bantied about by private analyst's...we needed a crop failure to get any sort of bull prices in corn and average crop got us $3.90 fall lows. It was that simple, the easiest year to forward market at very profitable prices in all my 37 years farming.....now we had a dry finish to the weather and maybe, just maybe the lows at $4.45 hold (we won't make it to $3.90).....But last January& February the most likely outcome was $3.90 fall lows, because planting all those acres was going to give us WAY more corn than we needed. Why farmers are not solidly hedged with a majority of their crop sold is beyond my comprehension.........$6.00 plus futures were their to take for a couple of months after the S&D table for this 13-14 crop was going to over-supply the even the Rosey demand that the USDA had on the new crop S&D tables.........Way to much premaBull thinking when the only Bull in the corn market had to be crop disaster.......NOT VERY LIKELY, and certainly not a way to market your grain, only hoping for a crop failure. This year was simple to get $6.00 Plus corn.......if you didn't, you were betting on the long shot or do not know how to read a S&D sheet.....If you don't have at least 1/2 your crop sold at$6 you were either sleeping or dreaming of a crop failure............JP
Edited by John from S. MN 9/8/2013 16:56
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Ugliest of Them All
