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Helenville,WI | Guys who tell you to forward sell a % monthly/daily are probably the correct ones. I'm a smaller guy with no storage, and personally, I want to forward sell or HTA 10-30% of the insured bushels of '25 crop between now and December, 20-50% around spring planting/sidedress time (this window of time seems to always provide good sales opportunities), and the rest of insured bushels anytime before or during harvest. With wheat, it feels like you get fewer opportunities at prices you like, so I tend to be a bit more aggressive when it reaches prices I can tolerate. You will generally be less happy making fewer, larger sales, than if you can spread your sales out, even if those spread out sales are made during a 2 or 3 month portion of a year.
The key is to always know your COP, and watch grain prices daily.
If I'm growing 150-200 ac of corn in a year, I try to make at least 10+ different forward sales to spread out price risk. If I'm growing 150-200 ac of beans, usually happy with 6 or 7 sales. | |
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New Crop Forward Sales Strategy
