Posted 2/10/2019 13:04 (#7311076 - in reply to #7309573) Subject: RE: Simple question Do over.
west central MN
Are you better off financially if you don't sell for $4.00 and it goes to $3.00 or if you do sell for $4.00 and it goes to $5.00? Either way I would never do all of one crop at the same time. We started selling smaller amounts of the 2019 crop several months ago when it got over $4.00 and we have made quite a few smaller sales since then but our selling price hasn't seem to have changed much this year. Our overall average is about 3 cents higher then our first sale was.
If it is hedged before it goes into a bin it is also much easier to collect the carry. If it isn't sold it is hard to just sell at the fall price even with the carry and then the time (along with the carry) just seems to keep slipping away before you do make the sale.