Is there a corn marketing strategy for the current situation?
The USDA lowered 2008-09 corn price forecasts sixty-cents, which are now expected to range from $4.90 to $5.90. New crop corn prices at most Missouri locations have been below or in the lower one-half of this expected price range. This is not usually a good time of the year to sell corn. The seasonal pattern for corn prices is that quite often prices peak in late June or early July and then decline as they have this year. However, it is also not unusual for prices to bounce back following their summer low, especially with late season production worries much like what are occurring this year. Hopefully, most have already priced or at least protected prices for corn that must be delivered at harvest time. While the current supply/demand projections and a carryover of more than 1.1 billion bushels appears to provide some supply cushion, any production disappointments could quickly reduce corn supplies to critical levels and send prices sharply higher. That could result in opportunities fo
