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grain contracts

N

NY 986

Well-known Member
Typically, we wait till we have a good idea as to what harvest will bring before we make any substantial commitments (no more than 20 percent before harvest). However, I'm getting a little nervous not having more contracted after looking at the commodities markets the past few days.
Just interested in seeing what others see ahead between now and November.
 
A volatile market. However I'm not too concerned as I have enough storage for everything I grow. Booked wheat ahead once-guess what?! Only time I ever had a disaster! With all the weather problems elsewhere,crude/fuel creeping up,etc. I think we'll be OK. Of course if the economy totally tanks we won't be OK, but then no one will be. What I wish is that I could find a broker who would work FOR me. I would have liked to have taken advantage of the crazy run up in the CBOT earlier this spring. I know it can be a gamble, but I would rather take the chance of losing on a margin call than to come up short on a contract with actual grain with a dealer I want to keep a good relationship with. Crops look good here-central NY.
 
Like Bob said, it could really go either way. At this point the grain fundamentals don't mean much. The more important things to watch are the dollar, crude, fund activity and the technical moves that say we will probably revisit the past at some point this summer. Cash corn could easily go a dollar either way and the range on soybeans is plus or minus $5.00.

There are a lot of "free" market prognosticators available on the internet. Most of them are opinion and you know how that story goes.

When you factor in fundamentals corn and beans are both on pretty solid footing unless the economy really tanks.
 
When I sell fall contracts I never sell more than my crop ins. will cover. That way my imput cost are covered no matter what.
 
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