Central NE | Wait and see how much corn you harvest and how short you might be. If you are going to need corn to cover contracts or feed cattle, start thinking like a buyer and not a seller because as of now that is what you are. What do you think you should do as a corn buyer? I would enter an offsetting position on the board before I would hand over cash and do an outright buyout this early.
As to the option of rolling forward, your price would not really be 3.85, it would be $3.85+2.60 = $6.45. You would receive only 3.85 in cash and the rest would cover your marketing loss from this year but $6.45 is the price being offered with the roll. |