New Crop Canola

[Guest]

We have about 20% of our average yield hedged at this point and if it goes another $40 I will lock another 10%, 30% will be our max until it’s in the bin. We are selling paper, so don’t have the obligation to deliver and buying are hedge back is easy, if we don’t think we can produce a average crop. At this point we have lots of snow, so no worries about moisture yet.

Oh ok my mistake
I thought you said recently that you had made your first canola sale of the year ?

[Sodbuster]

Most of old crop sold, will wait until my April and May delivery are done to see how much is left to sell.