At some point, the buyers are going to walk away & prices will drop. How much they roller coaster up & down between then & now is any guess.
Someday, the govt may step in and say it's an election year, we need cheap food, and crash the markets to 'do something' about it. Embargo or kill ethanol. Then one would be thankful to have a few contracts for today's price.
I'm ion the same boat as you, Dave. Same situation, same questions.
My bigger concern is 2013 crop. The prices out that far look pretty good?????
In my part of the country, even a 'total crop failure' means a 33% crop to harvest, so the risk in doing a small amount of contracting isn't too steep.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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