The market is boring right now because there is nothing to talk about. Corn seems to be range bound between $3.45-$3.75 until Thanksgiving and it will take an unforeseen surprise to change it. Beans seem range bound between $9.40-$10.00 through November. For that to change, it will take a big South American weather scare. Everything else is probably “market noise” right now.
The dreaded margin call
I recently discussed the benefits of forward selling on futures to maximize flexibility and profitability in moving sales over different crop years based on market conditions. This likely made some farmers wince, because they know this could require a margin call if the market rallies. Generally, the fear of margin call keeps many farmers from selling forward using futures.
Sadly, these farmers don’t realize they are removing an important marketing tool out of their grain marketing tool box. Eliminating margin call is like telling a baseball player to not swing at anything in the strike zone.