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Goebel: Marketing corn considering new highs

With the new highs in corn does this mean we should hold off marketing new crop corn? -Looking For The New Plateau.

If there is a big change in demand for corn it will come from the cash market in the form of a tight basis in the cash market. The futures market is moving on momentum from buyers which should be used by producers to sell grain using a hedge strategy. We still have to remember we have a lot of grain still sitting in bunkers. Keep your eyes on the basis level. Basis strength will determine if it is demand or hype.

With the new highs in corn does this mean we should hold off marketing new crop corn? -Looking For The New Plateau.

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