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Ontario | I see, so if corn were to hit $5.00 what will you do?
Futures markets go up & down, and they normally do not stay high for that long. So if it were to go to $5.00 I would book it, because next thing you know it will be lower.
Funny how all the talk at the beginning of June was sub $3.00 corn. That was a buying opportunity. Now it could be cash croppers selling opportunity.
Also fertilizer prices have never settled back to the values prior to 2008, so you need probably a $4.00 cash price to make things work.
I do not understand the mentality that if the price should go to a certain area that we should not have it? Last time I checked, the people in the air conditioned offices with the pensions have a lot better life & lifestyle than us. Are we not worthy?
I had some corn booked for $5.00, some for $4.50, some for $4.00 for shipping this July (2010): You know what the cash price was when I shipped it? $3.50/bu. So how did this not work out for me and the end user? I think the futures market helped both of us realize a reasonable return.
P.S. I started buying my fertilizer inputs for next year, this week.
Edited by farmer in ontario 8/12/2010 19:59
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$5 corn?
