Well the hay market can be fickle in a warm winter. IF you wait a few months those bales may not bring $10 each. There is plenty of hay nation wide this year. So the hay market price has came down.
Glover mixed grass will peak around the first of November and fall steadily until spring in a warm winter. In a cold winter the hay price usually peaks in mid to late February. That is when guys run short of their own hay.
When selling hay I found that some years you had better take a fair price over storing it until next year. Storing hay rarely pays.
As for you soybeans for next year. I would watch the cash sale contracts for fall. IF prices look good early then lock in a 1/4 of your estimated yield before planting is usually safe. Then you can do another 1/4 after planting. Then if the crops looks good and prices are over your cost of production then I would not be afraid to lock in another 1/4 after the pods start to fill.
I have only seen storing at the elevator work once or twice in my whole life. The up front Fee added to the monthly fees usually are higher than any price gains.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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