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Balancing act

Agriculture.com Staff 04/28/2006 @ 11:58am

Corn futures for new crop December have spent the better part of two weeks trading between 2.65 and 2.75.

You, as a farmer, face a critical balancing act. You do not want to let good prices erode 60 or 70 cents. At the same time, an uptrend remains intact despite bearish fundamentals. Any weather event could send prices dramatically higher. So, what are you to do?

You need to be balanced. Develop a marketing program that makes enough sales so that, if prices drop, you have made an appreciable difference to your bottom line. But, what if prices rally? You also need a plan to participate in a rally. Perhaps more than ever, you need to reach into your marketing toolbox and explore all the different tools available to you. More importantly, you need to choose the correct tools that will allow you to sleep at night and feel comfortable and good about your decisions.

If you would like a program designed for you or have any questions or comments, please contact Top Farmer at 1-800-TOP-FARM, ext. 129.

Corn futures for new crop December have spent the better part of two weeks trading between 2.65 and 2.75.

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