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Just priced some beans
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IN555
Posted 11/30/2018 10:52 (#7138135)
Subject: Just priced some beans


NW Indiana
Had previously priced 1/3 of production a few weeks ago. Just priced another 1/3 vs the March. Thoughts are if we rally Monday based on a tentative trade agreement that maybe the usda does a last minute change on the MFP. We are up 20 but lose that much on the payment so you net nothing. Yes if nothing happens we are likely to get another 82.5 cents but you might be looking at a market down 20. It’s all speculation but managing my risk is more important than being “right”.
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