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Sell Your Corn Off the Combine

September 21, 2012
By: Sara Schafer, Farm Journal Media Business and Crops Editor
corn   harvest

University of Illinois ag economist Darrel Good suggests selling your crops at current high prices then switching focus to next year.

Even though corn end users are already trimming any excess fat in terms of usage, University of Illinois ag economist Darrel Good believes the corn balance sheet will continue to get tighter.

"I think the production number will get smaller and that harvested acres and the yield number will come down."

Good says he thinks thin, in part, because ethanol demand is strong and doesn’t look to be declining.

Corn farmers, Good says, have the opportunity to make capture high prices, straight off the combine. "Make the sales at these high prices, then go on to next year."

Good is not one to buy back a crop after selling it. He says that opens up the opportunity in making two mistakes, instead of just one.

Hear the Good’s full analysis, with University of Illinois’ Todd Gleason.


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RELATED TOPICS: Corn, Marketing, Crops, Analysis, Harvest, drought



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