East Central South Dakota | I cannot believe the amount of farmers that have most of their 2012 crop in the bins and are buying paper because the market is wrong. $6.50 cash bid here today on corn. They could loose another dollar off of cash and a dollar on paper to net a whopping $4.50 cash. Makes me feel better about my early sales at 5 bucks.
I have no idea where the markets are heading, but i have said on here before----it is about money flow, not necesarily whats out your window. Think globally and watch the flow of money. The money could jump in tomorrow and we could go up 50 cents, who knows. Owning grain in bins and buying paper is risky double jeporady in my books.
In a farm magazine telling how you sell the same crop 4-5 times one day and having a farm sale the next---sound familiar. |
Texas Hedge ! !
