April 15, 2025 - Time to sell
We’ve been having quite a choppy run the last month. I believe the high of the market is in, and we are mere days/weeks from this market tanking.
Jonathan’s Recommendations
100% sold on old crop corn
Finish up by targeting 4.54 May, or 4.62 July futures. Basis has stayed consistent in my area. Typically it gets better into expiration for those contracts.
30% sold on new crop corn
Most of new crop sales are against Dec. Dec ‘26 target 4.80. Mar ‘26 target 4.93. Comfortable pricing basis .23 or under.