Major things to remember this week!
If you have not LDPed or sealed your corn and soybeans, this Thursday, May 31, is the last day you can. Do not let this day pass without taking advantage of this. Even if you seal it, you can take a 60-day lock after the 31st. Crude oil, as mentioned last week, broke out of its wedge formation to the upside, but did not sustain follow through this week and closed on the lows of the week, back within the wedge formation. So, at this time, we are not advising any additional coverage on diesel fuel. We will remain with our 50% coverage.
You can e-mail Moe at firstname.lastname@example.org
Editors' note: Moe Russell, Soybean Digest Risk Management Editor, is president of Russell Consulting Group, a farm management agency in Panora, IA.
Want another minute with Moe? Click here
to see Moe Russell's previous columns.