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| both crops are priced in oct based on nov bean and dec corn. If prices get high enough now you can watch put option prices and somewhat lock in that higher price now pretty cheap. excample; lets say nov beans hit 20 bucks by the end of July. We all know beans won't be 20 bucks in Oct. Lets say a 16 dollar put gets as cheap as .25. You can lock in your crop insurance bushels through your broker at a net of 15.75 since the nov options expire towards the end of Oct. You win either way. It may be the only easy money we make all year. Theres no basis on crop insurance money. Same can be done with dec corn. | |
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