In a van, down by the river... | You said the magic word: DISCIPLINE Yes, we are probably nearer a peak than a trough in basis, but if you don't pull the trigger on the futures until you've gone through two rolls, it may not be nearly as pretty of picture as today. If you're going to use a basis contract, be sure and put a futures TARGET in at the same time (or at least write something on the back of a napkin and keep it in your shirt pocket...). If you are in that minority of farmers who can keep track of two or more bouncing balls of market risk and not just one, then trading basis may be right for you!
Edited by RobCogdill 4/28/2017 12:31
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