What to do with unpriced inventory that’s being harvested now?
I stand by my recommendations that corn should be stored first. Once all corn has been stored, then store beans. Should producers be selling corn on basis contracts? I would be against basis contracting right now because the potential is very solid for good basis improvement between now next summer. When should we sell unpriced beans? The October Supply/Demand report should have lower yields factored into the market before the report. I would not be surprised to see a bullish number and bearish reaction. The best strategy right now is to use a trailing stop at, say, the eight-day moving average ($9.81) on January beans. Please note that the selling price will move up on a daily basis. Call your Utterback Marketing Service adviser for daily updates (800) 832-1488. Should you plant corn or beans next year? This is going to be a heavily debated issue in newsprint and marketing seminars over the next few months. Right now, with corn yields coming in strong and modest bean yield, some are s
