Typically, there is not much of a decision to be made in mid-October, as prices are near their lows. Yet, with a recent 10% price recovery for corn and soybeans, this could be a selling opportunity.
While the Chinese government is taking aggressive action to eliminate hogs where cases are reported, it puts the world on alert that a drawdown in China’s hog herd is possible.
Feedback, so far, suggests yield variability, and many are indicating their crop may not be as large as last year’s.
No one knows with certainty what the next 90 days will bring.
The USDA’s latest report surprised the market with an estimated corn yield of 181 bushels an acre. Since the report, corn futures have dropped well over 20¢.
You protect carry by forward selling.
The dilemma that most producers are facing is that prices are not strong enough to produce profits.
Two crop tours confirmed big crops.
It likely depends on your perspective. While there are no right (or wrong) answers, the question is what you plan to do if opportunity knocks with an offer to buy.
One week you feel you should not have sold anything, and the next week you feel you should have sold everything.