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Northeast Iowa | Our yields here in NE Iowa have been all over. The worst we picked was 22, the best we picked was 62. We aren't done yet, but I don't see improvement.
Lots of 50, some in the 40s, but still have a hard time seeing a 49 all country average on beans. We are just outside Waterloo, Iowa and had lots of good rain most of the summer, not too dry most of the time. I expected better. so I'm kind of bulled up, thinking about buying a SB Futures Contract to re-own some of my sold beans. Commercial storage is 18 cents to get into January, and I don't see basis improving more than a few cents. Therefore I can justify an additional 15 cents to stop-loss on beans on top of whatever level I'm typically willing to risk.
Is anyone else looking at March beans as a good month to own? | |
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bean yield discussion below
