Pricing Corn in a Volatile Market — What Are Your Options?

By Larry Martin As this is written, December corn futures have traded in a range between US $3.81 and $3.58 for six weeks, since mid-July. This range came after a precipitous drop from the $5.00 area in April and May. Everyone is trying to guess where the market’s going from here. Of course no one knows, and the real question is how does a producer who missed the five dollar opportunity make a decision about pricing the commodity now? Fundamentally, the market is paying attention to the size of the new US corn crop and, in particular, its average yield.…

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