By Jon Scheve, Superior Feed Ingredients, LLC
Practically everyone in the grain trading world is saying “I didn’t see that coming” after a 70-cent corn price drop over the last 30 days and a $2 per bushel drop in soybeans. I know I’m not the only one disappointed that prices are back to levels last seen in January. At least the market has come off of its lows and is only down 50 cents in corn and $1.50 for beans.
While I wish I would have sold more futures during this last rally, knowing what I know now, I’m glad I sold what I did above $4.25. At the time I sold those bushels I was worried $4.50 to $5 may be possible and that those sales would turn out to be a mistake.
It’s easy when negative and unpredictable things happen to fall into the “if only” trap, but there’s too much uncertainty to spend significant time dwelling on what should have been done.… Continue reading