Hedge Strategies as of 05/17/20
On 2019 corn, my farm is 80% sold @ $4.30 basis May20. Hold for new ’19 target
***must consider local basis.
For 2020 CZ, up to 30% sold at $4.05. Next target for me and my farm is $4.09.
Strategies I’ve employed or considered. Straight hedge of Dec ’19 corn at $4.06 then $4.18, $4.39, $4.59, $4.72 & $3.90(65% total).
2019- I am 70% sold/hedged (basis APH) at a board-based average price of $9.64SH . I’ll consider selling more old beans with a rally to $9.00 May.
For 2020, I’m up to 25% sold at $9.63 average basis SX20. I’d be willing to sell more on a rally to $9.40
**For the strategies I talk about on here, please remember these are the tools I use for my farm. These are not recommendations but merely a way for the reader to see how I approach marketing for my operation. There are tons of good tools out there. For more information on markets, strategies and ways to set up a solid marketing plan, visit my website at https://agmarket.net
I hope you have a great week. Please let us know if we can help you in any way.