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Soybeans--what to do????
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Tnfarmer
Posted 9/17/2010 18:17 (#1363389)
Subject: Soybeans--what to do????



tennessee
I've got 300 ac of beans this yr. and am expecting about 40bu. avg. on them for a total of 12,000 bu.. I started selling at 9.20 last spring (2,000 bu.) then sold another 1,000 for 9.85 this summer. Today I sold 1,000 for 10.70. Wondering if I don't need to sell some more at this price? How can I protect myself from the price falling rapidly? I've sit on the sidelines one to many times and missed some good prices by waiting for them to go up. Does this bean mkt. have the legs to not fall apart? If I could sell the rest of my crop for 10.70 I'd be happy, just hard to know what to do anymore. I can't predict anything with these markets and I don't think anyone else can either, just really don't want to screw it up this time.
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