I've used the futures, but if you need to decide what your goal is in regard to the three pricing components, futures, basis and flat price. If all you are concerned about is a better flat price you should contract ahead for sale at a later date, this strategy will also get you a decent basis gain at this time.
If you are looking to take advantage of an increase in the futures market you might be better off buying a put that is out of the money. Doing that you would only be risking the price of the put.
Figure the cost of storage and interest on the money that you are going to store in the machine shed plus the handling cost, shrink and management risk and figure that cost against the cost of the put.
I've studied this stuff for 20 years and am not a professional, there is no simple answer or single strategy. I do think that unless you are already set up to store the grain you would be ahead to move it to market and own it on paper with some hedging strategy.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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