By Jon Scheve, Superior Feed Ingredients, LLC
Corn and beans remained range-bound through the holidays as everyone waits for the Jan. 10 crop report and Phase 1 completion of the trade deal. Basis has also stayed strong as farmers aren’t selling, most likely because futures are lower than what farmers would like, given the year we had.
Like nearly every farmer, I wish I would have sold more corn in the summer rally of 2019. But, as we all know, unpredictable weather conditions generated a lot of surprises and uncertainty throughout the year, which had a big impact on the market.
That’s why this week I reviewed my notes from the year to revisit market conditions and my decision-making rationale along the way. Re-evaluating past decisions can bring better perspective and help me build stronger grain marketing plans in the future. Following summarizes my insights and trade decisions.
The March USDA report indicated that U.S.… Continue readingRead More »