Sell sell sell?

[SASKFARMER3]

All winter and spring all we herd was sell sell
sell.best price, blah blah blah.
It's called farming. Did no one think the USA could
not possibly continue with out a crop disaster year
on year yet all over the world the rest of us just
kept getting shitty crops.
Drought is spreading and it's getting worse.
See first last fall it was prices have to drop as
matimatically south America will produce so much
grain we don't have to worry. Then oh we'll
farmers in south America are just telling you their
is problems we no better from the grain
companies and experts. Then when shit finally
hits news oh no problem the USA is seeding real
early and mathematically they will produce a
bumper. Then again farmers don't tell what's
happening on their farms again from the grain
companies and experts, we know better. And
again oh shit it's a full scale drought.
So either way you look at it, number crunchers will
try to support the had to mouth sales and farmers
should talk to their own to actually see what's out
their!

[cottonpicken]

Imo,today is a sell some day.

We are at the ultimate lines of resistance in beans
and corn-the old highs.

However i think we do have enough gas in the engine
to push higher,but today,not yesterday or the day
before is when the risk is on.

Today is a CRUCIAL risk management day.

imo nia dyodd

[SASKFARMER3]

That's my point now is The time to start making
sales. Our hrs # 2 is close to 9 in pocket. For
20000 bushels. Their won't be a protein premium
with all the high protein wheat in the USA.
Cargill. Figured 6. 78 was a good time to sell.
Peas haven't moved since the locked in price
earlier. Canola did a decent fall basis and will
price later probably today. Barley for malt sucks
shit but did do the act of god stuff last week. Rest
will now play. Sold out of all 2011 canola today,
1st time in years oats triggered at 3.75. Oh well.

[SASKFARMER3]

1 st time in years sold out of canola in July. Oats
trigger hit at 3.75 so will be gone also. Basically
we will have zero carry over July 31 st. And that is
a first time in years.

[ado089]

I've priced 8-15 bu/ac of everything
except lentils. Over the last two weeks.
Canola all over 13.75 - 14.50, wheat at
9.50 (futures only) and peas at 8.50.
With external markets having such an
impact on commodities I see twice downward
risk than upward potential at this time.
Costs are covered and I still should have
2/3 of the crop to sell. I think it's
foolish to let that slip by.

[BFW]

sold out is likely good this year. When the ducks are quacking, feed 'em.

[cottonpicken]

In the next few days i see a major sell off in beans
and corn and then a big whipsaw to the upside
hopefully plowing through the old highs and giving
us 12 dollar corn and...24$ beans,lol,anybody
remember that number,lol.

The boat is to overloaded on one side and we have
gone a long ways fast.

Hope this limb i crawled out on doesn't break,lol.

[errolanderson]

in the drought of 1988 . . . grain prices
peaked in July.

demand destruction will eventually cook
this corn rally . . . feeder cattle
futures appear heavily oversold (IMO).

[furrowtickler]

Agree with all coments. Now is the time to sell some, certainly not 2 weeks or 2 months ago. Our wht target hit today, and we will do our first 2012 canola(20-25%).Agree with Errol the presure cooker will blow cause nothing has or ever will continue to straight line up. Land prices included IMO.

[wd9]

So says the experts, so shall it be!

[fjlip]

Lots was sold months ago especially in US.
Now a panic to even fill those contracts.
This ridiculous weather has me spooked.
Long way from bin.

[zeefarmer]

Agree fjlip. Crop is not in the bin yet. In our area,
crop can turn out a 0 at any point. I will worry about
marketing the 2012 crop after it is in the bin. It is not
fun buying out contracts or running around on hailed
peas trying to get enough peas to fill a 8-10 bus/ac
contract.

[Braveheart]

Short crops traditionally have a sharp up rally followed by a long tail trending down. But is anything traditional anymore?

We have had decent targets hit on wheat for Aug delivery hit recently, and expect another today. These prices are too good to not capture at least some tonnage on.

[Burbert]

Lying and cheating never go out of style
in the marketplace........

[MarshallDillon]

Well, Beans should technically be able to go to 18$, and then if you add 5 bucks onto that, which was the launch at 13$ plus 5, you get 23$. Twenty three buck beans. $13-$18-$23. Hey Errol, I feel kind of light headed.

Demand destruction will start to happen rapidly in corn (already has, poor export numbers) when ethanol plants cannot compete with 88$ oil when having to buy 9$ corn. I think Obama may have to step in and throttle back the ethanol mandate number for the sake of feeders and 3rd world importers. I mean, we are on the edge of crazy.