We are currently at $3.92 for october delivery at local elevator. There is about another $.12 available if delivered 20 miles away. We have some fall corn contracted at $4.21 but that was sold about 18 months ago. I have been using more & more puts on the CBOT. Using the board you can protect your bottom price yet capitalize if the price goes up. It also allows you to protect your full crop potential without worry if your crop will produce as planned. Since the puts or calls are only paper you don't have to deliver on them.
I was sure glad last year that we bought a put on our soybeans and were protected and then recieved an extra $2 at the time we sold them. sure it cost me $.36 a bushel to buy the put but the gain was significant. If the market would have went south I would have collect by selling the put and at least made my guarantee.
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Today's Featured Article - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil’s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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