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Did I Sell My Grain Too Soon?

Did I Sell My Grain Too Soon?
It is best not to look back at individual grain marketing decisions you made for your 2020 crop but rather average all your grain sales per crop.
Did you sell more 2020 grain than you would have liked at a price that is lower than where the market is today? Was the price you received at a profit? I would expect everyone would answer yes to these questions. No one can predict the commodity markets. It is best not to look back at individual grain marketing decisions you made for your 2020 crop but rather average all your grain sales per crop. If you are still holding unpriced grain, I hope you have a written marketing plan in place for determining when and/or at what price you are going to sell a certain number of bushels.
 
Instead, let us focus on the 2021 crop. Most likely you have already locked in and paid for many of your costs for this crop. What is the market offering you for soybeans delivered at harvest? It is probably somewhere in the $11 range. I know that is not the $14 you could have gotten last week for cash 2020 soybeans you had stored in your bin but a nice improvement over the cash soybeans delivered in early October 2020 at about $9.75.


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