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South Central NE | For '13 we were hedged many months ago at a 590 avg. Concerned about '13 basis markets now. If the Dec market washes out we ma look at protecting the fall RA settlement price. Other producers are focused on '13 supply but the real story is lack of '13 demand in our opinion. We have noticed many feedlots cutting back on pen numbers and of course exports are terrible. Exports are very dollar index sensitive so if the dollar happens to rise exports will be slow to come back. Our crop is 90% irrigated so we are fortunate to have a huge crop coming barring anything unforeseen.
For '14 we used Over the Counter Put positions which guaranteed our spring RA sign-on price at 560 or higher. They will expire at the end of the averaging period and then we will look to sell any rallies going into the summer. We will be 100% corn.
For '15 and even '16 we are very concerned, so we are looking for ways to get started on sales. | |
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2014 corn marketing strategies
