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$3.78 for fall corn
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Ed Winkle
Posted 1/23/2007 17:56 (#93406)
Subject: $3.78 for fall corn


Martinsville, Ohio
                             

 

   DEL          FUT.  BASIS  CASH            DEL         FUT.   BASIS  CASH                                             

 

  

 

   Jan07        MAR07  -21   $3.88               JAN07        MAR07  -32   $6.95

 

   FEB 07       MAR07  -14   $3.93         FEB 07       MAR07  -26   $7.01

 

   MAR 07       MAR07  -07   $4.02             MAR 07       MAR07  -20   $7.07

 

   Apr 07       MAY07  -10   $4.10         APR 07       MAY07  -25   $7.17

 

   Oct/Nov 07   Dec07  -25   $3.78              Oct/Nov 07   Nov07  -37   $7.415                                                              

 

   Jan 08       Mar08  -15   $3.93     Jan 08       Jan08  -18   $7.64

 

                         

 

                       

 

                             Wheat-Cincinnati         CINCI    AUR              

 

                         DEL.   FUTURES   BASIS   CASH     CASH

 

                                     DP     MAR07      -50    $4.30    N/A

 

                                     JULY   JUL07      -58    $4.42    $4.35

 

          Even my wife is excited and she is hard to impress.

We can make a tidy profit at these prices at the inputs locked in.

What would you do in this scernario?

I am always learning.

I was at a breakfast this morning with some of the best marketers in the area.

Their advice was to sell on an upswing like this but they said they would wait for better prices because they can.

What do you think?

Thanks,

Ed Winkle

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