Managing costs key to 2021 farm profits

Corn and soybeans futures prices have recently rallied to their highest levels in years, providing hope for a market-driven profitable 2021 crop year. However, the only certainty about future prices is that they will continue to change until their expiration date, and they could plummet as fast as they rallied. Unless farm operators use futures or options to create a floor for their crop prices, current future prices might foster a false sense of security.  For more, please click here.