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SW MN and Gold Canyon AZ | The only problem I had last year was the corn I sold the end of feb for jan 08 delivery. I would have made more just selling it and not paying the fee. I did not know @ the time I sold some at the high. I was long the dec contract and like you said it expired on NOV 22 under the spot futuers price I had of 4.10 It never traded above 4.10 all spring summer and fall.
I bought some calls on those bu and added some dollars but 4.20 corn looks cheap now compared to what I am gettting for the balance of 07 crop. I might average over 4.40 yet depending on what I get for the balance of 07 I have left and how much I get on my long dec open contracts yet. I lost some money on puts last year but I really don't care as I kept the cash corn.
The biggest decision I have to make now is when to cash in those dec contracts and when to buy more puts on 08 crop to get me up to crop ins bu. I want to be 50% floored by mar 31. I will use may and july puts and roll them | |
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I have a marketing question...
