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| June and July were around our current values now (-.18 to -.20). We usually are able to get a good basis for June delivery sometime during planting season. We have a strong river, rail, and container market (all within 30 miles). If the prices keep rising, this could really sting us this year. If this rally is going to continue, it is a no-brainer to lift these hedges. It's hard to convince myself to do this at these lofty levels though.
Edited by Illinoisfan 1/29/2008 20:07
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Questions for Dave and Senior (and others)-
