Aug 30, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Old crop corn left? Take profits now!

Mar 25, 2013

 I had a few producers call in and ask my thoughts about selling $8.00 corn. The basis has actually moved high enough in some areas producers say they are being offered close to $8.30 per bushel. As I told each of them on the phone this morning, anytime you can book sales above $8.00 I think you should be taking advantage of the situation. I actually have one client, who with these sales, will have ended up averaging over $8.00 per bushel this year on his crop...unbelievable! 

There where also some questions about "re-owning" after making these sales. I just don't see any reason at this juncture, especially with such good cash sales being booked. . No need to jump back in at this level and risk the premium.  

I also want to make sure those of you holding old-crop bushels understand the window of opportunity is narrowing for banking these types of profits. Remember the markets are always the strongest when the most fear is in the air. Right now end-users are worried that they might not have enough supply. What happens when some type of solution to this problem becomes more of a reality.

Be smart, don't be greedy!

For the rest of the story including more insight into what traders believe are influencing market prices currently, sign-up here to receive a RISK-FREE 30-Day trial of my daily Grain and Livestock commentary. So many advisors want to tell you exactly how to market your crop, I want to teach you to better understand the markets and how you should respond.  If you are looking to be educated and not just told what to do, simply click here and get started!

Van Trump Report


Log In or Sign Up to comment

COMMENTS (1 Comments)

maturewind
Kevin , are you trying to channel Toby Keith. Lose the hat.
10:25 AM Mar 25th
 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions