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The absolutes of COP, and fallible price direction guessing game...
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J SWIL
Posted 9/15/2020 22:07 (#8498052 - in reply to #8496776)
Subject: RE: The absolutes of COP, and fallible price direction guessing game...


IL near StL
Been doing this deal for awhile now and there are a couple things that I've found to be consistent. #1 Although we never know our actual COP to the penny until it's all over, one should have a rough idea from year to year based on prior year expenses and that APH you are referring to. #2 Every single year we have had the opportunity to make money. Some years it comes before harvest, some years it's after the fact but either way, the opportunities are there although sometimes they are short lived. Bottom line for me, when there is an opportunity to make a buck, that's when we should sell. Sounds easy but emotion gets us all sometimes.
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