Is There a Chance of Marketing Old-Crop Corn?

July 14, 2017 12:50 PM
 
 

There are quite a few farmers out there that still have a lot of old-crop corn in the bins, but they’re waiting on a rally.

Joe Vaclavik, president of Standard Grain, told AgDay host Clinton Griffiths that earlier this month, the September corn contract got within $0.01 of 12-month highs.

“You can sell the stuff at essentially what had been a 12-month high,” he said. “Is it going to look great on paper or is it even profitable? Maybe you are, maybe not depending on what kind of crop you had and what your inputs are and how your margins look.”

Vaclavik said this is an opportunity to lighten up storage in the bins, but be aware of a problem on the horizon.

“You can run out of time,” he warned. “What if it’s in September or October, past the point where you’d like to have this stuff moved or need to have it.”

Hear what advice he shares on why he doesn’t have his customers long the board on AgDay above.

Back to news


Million Dollar Wildfire Relief Challenge

Click here to learn more about the Million Dollar Wildfire Relief Challenge, and see how you can help in the rebuilding effort.


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close