Posted 4/14/2019 15:46 (#7439114 - in reply to #7437691) Subject: RE: Dec 2020 Corn
SilverClayON - 4/13/2019 19:32
Depending on how sold you are on 19 crop id be inclined to get more sold z19 if you’re not heavily sold already. No incentive to carry past n20 so why sell 20 crop if you’re not 100% sold on 19?
I'm somewhere around 60% sold for 19. I guess for me it's because if something crazy happens and z19 takes off like a rocket ship then I get to sell some of my 19 crop at higher prices. But if things get reallu ugly, maybe this is my only chance to sell some of my 20 crop at decent prices?
The other reason is that it's mentally a lot easier for me to sell CZ20 over $4 than it is for me to sell more CZ19 corn for less than $4.