We are currently at $3.92 for october delivery at local elevator. There is about another $.12 available if delivered 20 miles away. We have some fall corn contracted at $4.21 but that was sold about 18 months ago. I have been using more & more puts on the CBOT. Using the board you can protect your bottom price yet capitalize if the price goes up. It also allows you to protect your full crop potential without worry if your crop will produce as planned. Since the puts or calls are only paper you don't have to deliver on them.
I was sure glad last year that we bought a put on our soybeans and were protected and then recieved an extra $2 at the time we sold them. sure it cost me $.36 a bushel to buy the put but the gain was significant. If the market would have went south I would have collect by selling the put and at least made my guarantee.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want � unless you own a monster tractor. U
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