With new crop bids at all time highs, producers
can lock in some attractive prices for the 2008 crop. Planting
intentions can significantly impact next year's prices. Will
we see $10.00 wheat next year? Maybe, but we may also see
$5.00 wheat.
While
selling a majority of your next year's crop is not recommended, a
marketing approach of selling 5 - 10 percent will ensure cash flow
at harvest and start the process of averaging your yearly cash
price.
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