The last time in 2007, i recall having a good crop of barley, 60 bu/acre. I contracted feed for 9.25/bushel and sold 2 rail cars in october. I was feeling pretty....smug?....because winter was going to set in and cold weather feed demand "should" increase and I thought Inwould sell into price rallys. The bubble burst and I had 20,000 bushels still in the bin, for 14 months. Not so smart anymore Finally the market broke loose and I sold for $4.90/bushel.
So, sometimes the best time to sell is when you have a buyer. The price was profitable and I thought there could be more. I thought wrong.
When prices are very high, I sell big chunks for profit and dont worry about how many $ I am going to miss out on if it goes higher.
So, sometimes the best time to sell is when you have a buyer. The price was profitable and I thought there could be more. I thought wrong.
When prices are very high, I sell big chunks for profit and dont worry about how many $ I am going to miss out on if it goes higher.
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