Hedge advice 010620

01/06/20
CORN
On 2019 corn, my farm is 80% sold @ $4.30 basis March20. New ’19 target – wait for USDA report
For 2020 CZ, up to 30% sold at $4.05. Next target for me and my farm is $4.09
BEANS
For 2019, I am 70% sold/hedged (basis APH) at a board-based average price of $9.64 SH for 2019. I’ll consider selling more old beans with a rally to $9.55 Mar.
For 2020, I’m 25% sold at $9.63 average basis SX20. I’d be willing to sell more on a rally to $9.83.

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