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| If they had a price set on the old crop corn they can sell it for the current price at a profit now and use that profit to help buy the new crop. They will not bail on cheaper corn they will just roll it to a cheaper month at the current spread.
An example would be if they bought July corn at $4.50 they can now sell that corn for $6.50 and buy NC corn for $5.50. They will have made $2.00 profit on the old crop and still get the corn so the net price would be $3.50 for them. They did this big time in 1995 1996 spread. If they are rolling now they must think the spread is about as wide as it will get.
Edited by vulcan900 5/14/2021 13:12
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Corn
