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| tull,
Again, what % is the 10K of your expected crop? IMO it is hard to give you an opinion on what to do without knowing that.
If you are worried about margin calls, you could lay off the risk to a grain buyer. Say you sell them corn at $4.10. Setting the basis depends upon if you need to deliver at harvest or if you can hold the crop on farm until December. The end result is that if you do this you buy back your futures, and yes your net price is still $3.00 but you do not have to worry about the margin calls AND it sounds like you are so worried about making money on the 10K hedge you are frozen on the rest of the crop. If you end up making money on the hedge, and lets say it is 10% of your crop, you just lost $1.10 on 90% | |
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I sold $3.00 Dec corn last summer
