What is in this article?:
- Odds Favor An Early Top
- Putting It All Together
Putting It All Together
You are currently able to lock in the most profitable year you have most likely ever had (those who have a decent crop). Early seasonal highs offer pricing opportunities for selling remaining 2011/12 crop corn as well as being aggressive on the 2012/13 crop corn. With high selling prices come high input costs, making it very important to look at making some advance sales.
After an extended bullish run like this one, it’s often easy to think prices can’t go lower, but history shows that isn’t true. It’s a good farm-management strategy to lock in some attractive profit margins while they’re available. Otherwise, you might make the mistake of paying for inputs while prices are high, only to find that once the crops are ready those selling prices – and profits – are gone.