We will wait for a further price recovery to make additional new-crop sales. But that could take time, as it’s likely going to take evidence from the combines that crop size is less than USDA estimated in September to spark a sustained rally. Nonetheless, we see more upside price potential and rallies will be selling opportunities.Be prepared but stay patient. Start a Pro Farmer free trial today and get alerted of potential profit opportunities. Register For Free Trial (no credit card required!)
Current Positions (corn): Cash-only marketers: 2019 crop: 30% sold via hedge-to-arrive contracts for harvest delivery Hedgers - cash sales: 2019 crop: 30% sold via hedge-to-arrive contracts for harvest delivery Hedgers - futures/options: No positions We'll wait on an extended price rebound to advance new-crop sales. Positions current as of 9/26/2019, updates after this date can be found on www.profarmer.com and in emails and text messages delivered to members.
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