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 - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that ‘quick look over’ before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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