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Kandiyohi County, MN | In an attempt to apply things that some of you pointed out to me earlier this year about andrews forks, I generated one this morning on the May 19 corn contract.
My main question is, did I pick the correct three "pivot points"?
I chose the May '19 contract since I have a May call option @ $3.80. My reasoning for this is to try to "cover" some of the 2018 bushels that I was forced to sell ahead of harvest on cash fall delivery contracts. Due to storage (or lack thereof), I always have a percentage of pre-harvest bushels that I need to sell cash out of the field. At the end of the marketing year, these are consistantly my lowest priced bushels when compared to bushels that I sell using HTA's then later locking in carry and basis.
The goal of my "plan" is to try to narrow the gap between the pre-harvest sold bushels on HTA's that hit the bins in the fall and the pre-harvest sold bushels on cash new crop contracts that have to go to the elevator in the fall.
Edited by tslinden 12/7/2018 07:03
 (May 19 Fork Corn 12-6-18 (full).png)
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 May 19 Fork Corn 12-6-18 (full).png (77KB - 177 downloads)
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Andrews Forks
