Simple question. Will we ever see sub $3 corn and sub $7 beans again?
With all the bearish factors such as the world ecomony and a bumper crop here in the USA we historically would see depressed prices. We presently have $10 beans and $4 corn with elevators filling up or full. In years past this would be a receipe for disaster.
It seems the older I get the less I know about marketing. Am I an idiot for forward contracting $4 corn and $10 beans for next years crop?