Posted by Iowa corn and hogs on November 23, 2007 at 04:03:37 from (75.104.160.36):
In Reply to: OT Price for corn? posted by super99 on November 23, 2007 at 03:25:45:
I've sold over 2 million bushels of corn in my career. Sold for over the $3.80 your offered only twice--maybe 30 or 40,000 bu total. The price is in nearly uncharted territory. I'd sell at least a third or purchase an option to somehow protect the price and not let it get away. I've got 50,000 bu of 2008 corn sold off the combine for $3.90. If it is my worst sale next year, I'd be even happier!
Your call, but I get more uneasy when market is good than when it is bad if I'm not protected.
Having storage can be a detriment if you put it away and forget it.
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