Death comes to us all. Life's but a walking shadow | 1) Buy Revenue protection Ins. with Harvest price option.
2)Plant more beans because I'm not risking money on nitrogen fertilizer that can't be salvaged. (see comment below).
3) Set aside enough margin money to margin new crop corn futures all the way down if necessary.
4) Currently buying new crop corn futures on dips.
Comment: If you compare worldwide corn supply & demand with bean supply & demand it appears that corn supplies are adequate and crude oil price puts a ceiling on the corn price. That's not true of beans. South America has the advantage of price for beans right now but even their 100 MMT (???) crop isn't anywhere near enough to satisfy world demand. The US supply is still critical. Any serious weather event in the US will affect the bean supply, maybe not as much as the corn supply but easily enough to drive the price. |
questions for the guy's that have worked on the climate prediction models
