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West central IL | Thought I'd try and refine my marketing plan this year. Currently I'm selling January contracts for beans and December contracts for corn in springtime, setting my basis later, and occasionally buying back those contracts and selling the July late in the year if there's a good spread and it pays me to store it.
My question is should I be doing this differently?
For beans should I be selling the Sept or Nov contract and then trying to roll to the Jan, and then reroll to the July? I really don't know, I haven't followed spreads enough previously. In general, I'm usually just looking for a certain price and I don't take revenue until January 1st.
Same with corn. Am I giving up a few cents by not selling the Sept and then looking for optimal times to roll to Dec, followed by the July?
What're some of the typical low ends of the spreads in the two commodities, and the typical high ends?
For all I know, I'm asking all the wrong questions. Looking forward to your responses! | |
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Help me with spreads please!
