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| Fan, I know you are using some of your info as an example, but I'd be careful with CRC this year. With all the volatility and crazy price movements, CRC may not be the best option due to its price limitations. ($1.50 in Corn) One example is with wheat right now, the base price was 5.88, and right now with CRC there is a 2.00 price movement limit. So, your limit for wheat is 7.88 and the july kcbot contract is currently above that. So, with wheat, there is no protection above 7.88. Now, will the market stay there? Who knows, but it also works the other way, in the price can't go down over two dollars. So, if it falls below 3.88 at harvest, wheat producers with CRC aren't protected. Hopefully, you are already aware of the price limitations, and ultimately the product a producer chooses is up to him, just thought I'd give you a heads up with CRC this year. Especially since RA w/HPO has no limits on price movement. | |
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How to make $6-$7 Corn
