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southern MN | Local coop had a couple advisor gurus talk for the last 3 years (that I've attended) and they started rumbing a little over 2 years ago that we are set up for some real interesting times, commodities are rising in value and we farmers should be prepared. They didn't know if it would be 1 year or 5 from then, or how high things could go, but they felt that something was going to break loose on the grain commodities sometime. And you wanted to leave yourself room to take advatage of rising prices.
What they said made a lot of sense to me. The coop grain guy actually didn't pay that close attention, he was trying to get me to market grain 2 years out - because $2.45 corn, with LDP possible, wasn't too bad a thing to lock in. That would be the corn I just sold for $5.70.
Fortunately I didn't feel like locking in historically low grain prices at the time....
I won that time around.
--->Paul | |
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Here We Go......again.
