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Here's a trend line for ya...
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IN555
Posted 2/11/2019 12:38 (#7313633 - in reply to #7313301)
Subject: RE: Here's a trend line for ya...


NW Indiana
I have several reasons I don’t believe we could trade that price for very long at all but let’s look at it from a different lens. Dpilot you are concerned about $3 corn this year. Let’s say insurance avg comes in at $4. That means with crop insurance I can set a floor on 100% of aph at 3.40 for a rather cheap price. Also let’s factor in plc is now an Olympic avg price so not only will it provide a floor of say 3.70 but even if we print a really low number for a year it would be thrown out of the Olympic avg giving us two years guaranteed at around 3.70(I’m not sure what the price is since I haven’t looked into it). My point is we have some descent safety nets in place that allows us to assume some risk in hopes of a trade deal.
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