New Mexico | John from S. MN - 9/8/2013 16:44
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
as smart as you are ( by your own admission, btw ).
The risk in forwarding before producing, is the crop HAS to be a success to DELIVER it.
Granted some bought puts and calls Both to cover Both the potential down AND some up insurance too.
"Bin to Win" always works better than forwarding thoughout recent history, btw. |
Ugliest of Them All
