~~Rain has stopped or will stop harvest throughout much of the corn and soybean growing areas over the next several days. Producers calling in have suggested their yields are better than anticipated and there is corn and soybeans with nowhere to go . . i.e. storage bins are full as well as the elevators.
Once the bin doors shut it will be seasonally the time period for grains tend to move higher into the end of the year. It may be difficult this year with a large amount of supply and weak demand.
Now is the time when one should be thinking about buying calls on harvest lows to protect against any spring weather event.
If anyone feels they need to put structure into their risk management program and would like to discuss marketing strategies, call Bob or Laura (1-800-832-1488). If you have questions, we welcome emails to [email protected] or [email protected].
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