Ottawa Valley, Eastern Ontario | I am looking for advice regarding 2014 corn. I will have approx. 400-450 tonne of corn to market this fall. I don't have any drying or storage facilities. I have 80 tonne forward contracted at an average price of $4.62/bu. Should I contract more at current pricing ($4.80/bu) or hang on and hope for something better than $5/bu? The local basis for harvest is decent right now, anywhere from -10 to + 15 Dec depending on the elevator. My gut feeling is that 2014 corn will go up some to try and keep acres away from beans in the US but I am certainly no market expert.Thoughts anyone.
HB |
Ontario corn market advice- Maizeing and others
