Hey marketing experts wondering if perhaps we should be aggressively selling our 2022 crop at current prices? We are about 40% sold on 2022 production and at current price levels and yields we can price into profit on all commodities grown. My concern is the volatility and possibility of seeing commodity prices trending down as recession strengthens. Traditionally we have been schooled to sell into rising markets and lock in profits when they present themselves. However part of me is wondering will we see 22.00-25.00 canola and 13.00-15.00 wheat later on in marketing year?
Also should we be forward pricing some 2023 production?
Thoughts?
Also should we be forward pricing some 2023 production?
Thoughts?
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