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| If you look closely at the price ranges, he pretty much has us topped in the 3 major crops. Wheat back to $6, Beans back to $8 and change, and corn back to the low-mid $3 range????
The tops listed (in the 12 month range) are the prices we currently sit at.
We were talking last night about the 2009 crop. We are planting nearly all corn this year, so a switch to all beans would be very simple for 2009. We were looking at locking in a floor with the current price minus an in the money call option. This would be very profitable with low soybean inputs. If everyone starts doing this, this market will never find an equilibrium like it used to have.
Edited by Illinoisfan 2/21/2008 20:27
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wells fargo on ag markets
