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Sell, Boys & Girls
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SoDak Farms
Posted 6/22/2024 22:48 (#10784024 - in reply to #10784011)
Subject: RE: Sell, Boys & Girls


EC SoDak		Oh, it’s hard to say, so many more factors to figure out and I’d need a longterm chart to see what the levels are. This past winter/spring when we all were chatting on here, I think I’d said if things went in the ground decent and we had decent weather, I could see us dropping to that 3.50-3.70 range (wherever the support was in there). With the issues we’ve had, I don’t think we drop that much any more. With decent weather going forward and not a huge surprise on acres or PP, I could see somewhere in that 3.90-4.10 range though.

I’m not saying sell it all, just that getting some sales or hedges on could be a good idea. But I started hedging this crop back in May/June/July last year, late fall, then started again in April/May/June of this year. I’ll probably do some more pre report and some post report. Then leave a couple for a possible bump later. Granted, I only need to hedge 5 or so more contracts at this point to hedge the percentage I want of expected crop.
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