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Southeast Colorado | Using corn futures is your only option for hedging milo. Definitely a normal practice. I'm surprised you are already writing off your milo if it looks good now just because of a forecast. Milo will hold on better than corn so don't throw in the towel yet. With that said..................check with your elevator (or whoever you plan to contract with and they will most definitely tell you whether or not they require you to deliver the physical grain. It sounds like you are a legit farmer with a crop in the field so you are not out to scam anyone. If the buyer allows you to just pay the difference at the end of the contract (with or without penalties) than by all means proceed as planned. If you find out otherwise than obviously proceed accordingly.
Edited by tmrand 7/13/2012 20:25
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