The current soybean price is telling farmers to store the soybeans. Advance Trading Agriculture Risk Management Advisor Tommy Grisafi tells farmers to start looking at marketing next year’s production. Farmers need to explore all of their marketing options. “Your local elevator is not going to be able to give you a basis bid this far out in beans when they don’t know they’re going to do with them, but they could for corn. You can always do futures and you can do options. The elevator will do the futures for you and then, a commodity broker or sometimes the elevator will do options for you.”
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