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Central IL | It is a different animal NOW. Will it still be a different animal in 12 months? Probably. If fall delivery corn off the combine exceeds $4 by much here soon, I'm going to make an INCREMENTAL sale. Not very large, but I can make a profit with average production at that level.
If July delivery wheat off the combine hits above $6.30, I will make an INCREMENTAL sale. $6 is a ridiculous price for wheat "here" historically. I can actually pencil a pretty decent profit at that level rather than just turning over money. I should probably sell more at that, but $6.50 or $7 could be down the road. I'm not sure we're done with 08 wheat.
I'd rather take some profits while they're on the table than wait for some politcal unforseen disaster to put prices in the toilet and kick myself later.
I'm not going to be a millionaire at this rate, but I'm not going to lose my @$$ either.
Hauling grain to the elevator and delivering for less than posted price isn't very fun, but the opposite feels REALLY good. Just wish my magic 8 ball hadn't developed a crack and lost all its juice.
It's probably all wrong, so you should probably do the opposite. | |
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This makes me mad
