Don’t let drought conditions steal your attention away from marketing. Bennett Consulting owner Matt Bennett says these are still very profitable prices. “Keep your discipline and when you make your marketing moves, base it on profitability and not a round figure like $13 beans or $5.50 corn.” If the market gets into new highs in the new crop months, Bennett says farmers might want to start locking in next year’s crop, but don’t forget about locking in expenses at the same time. “Where you can lock in expenses on corn, I would want to do so. As long as your ag chemical supplier will do it, that’s where I’d be willing to get more aggressive.”
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