Death comes to us all. Life's but a walking shadow | If you've held this long, why not hope for a genuine weather rally? Things don't usually get serious until July. By then we could have a serious planting delay, substantial prevent planting and some dry weather. I'm not in Minn. so I'm not really qualified to say but isn't Minn. sitting on some serious supply. I would think that even if the futures price does rise, the end user's natural reaction will be to just adjust the basis but that might be good enough. Judging from what seemed to happen in 2012, it took a long time for end users to really get serious about the drought situation and start reacting.
On the other hand, if you need to sell and can't afford to gamble, isn't your best opportunity going to in a few days when everybody else is out planting? In that case, I'd get ready to move corn then.
As for me, I'm going to let mine set in the bin awhile longer, mostly because I'm too stupid (or lazy) to do the right thing. |
Old crop corn
