Posted 3/25/2020 21:17 (#8139006 - in reply to #8138710) Subject: RE: More beans instead of corn
I quess I don't feel I'm trying to outsmart the market, I'm trying to find what will lose the least amount of money if things stay this way.
Big picture if this thing doesn't turn around in 4-5 months it will take years to get out of it imo. In our area if e plants close, I have no clue where corn will go, I'd guess 75% of corn in this area goes to e plants. I have 4 within 35 miles. It is a legitimate concern.
70+ bu beans are fairly normal here. So is 230-240 corn. Presently corn would be a $88 loss with local fall bids, beans be $49 loss. It's going to have to take something major to gain 50 cents in corn imo. And I know banker says my BE is a good 25 cents under a lot he has seen, so that tells another whole story.