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Markets are on the move. They typically like to take the stairs up and the elevator down. It is, of course, the wet planting season that is driving the price. The market is trying to buy corn acres away from beans and prevent plant. Nobody knows how long this rally will last, but like Ed Usset told us at our customer day, "May Sellers" (his fictional spring time forward seller) over time has done a pretty darn good job of marketing. This is the time to focus on profit and not on price. In all likelihood, enough corn will get planted, and then the risk premium that we are seeing now will get extracted. Time will tell. Worried about selling if you can't plant? We can roll contracts to another crop year if you don't get it in, but please let us know asap if you are over sold in any crop/year. That can make the difference between getting out ahead, and getting out with no head....
Katelyn Taylor's book, Within the Norm, has arrived. If you've ordered one, you can pick it up at our Campbellford office anytime. If you haven't ordered one, don't worry. We have extras available for $15. Stop by and get one. Katelyn donates all proceeds to Campbellford and Cobourg Hospitals.
We will let you know when Ed Usset's Grain Marketing is Simple (it's just not easy) arrives. It is a great resource, and will be available for $30.