Moving into the balance of the year, Advance Trading Risk Management Advisor Tommy Grisafi remains cautiously optimistic. “I’d rather be forward sold this year and owning calls than having a put,” said Grisafi. “I’m confident that ‘store and ignore’ won’t work like it did in other years.” In the latest edition of the Bull Pen on the Red River Farm Network’s YouTube channel, Grisafi also voiced concerns about the price of money. “When you’re dealing with higher interest rates, it’s like walking uphill with quite an incline. Take your bushels and turn it into cash, take that money and pay off operating (loans) and put money into a CD. If you’re blessed to have extra money, go make five percent and don’t go watch grain break 15 percent.”
