NEWS
Manage Market Transitions - 2
Katie Micik DTN Markets Editor
Wed Nov 27, 2013 06:11 AM CST

OMAHA (DTN) -- After several years of uncertain weather and high crop insurance guarantees, many farmers were reluctant to price 2013 corn before harvest. With price per bushel down almost $1.50 since May, some of the best pricing opportunities may be behind them.

"A lot of people have more of a long position on than they would've wished at this point," Purdue University ag economist Chris Hurt said. "It sure was hard to get into the reality mindset of how much prices could come down."

Earning carrying charges in a market with abundant supply is a key strategy, Hurt said. ...

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