Greetings from Omaha
I have been in Omaha all week on business and have not had much time to write a post or two. Most of the corn is planted here and for all week it has been raining on and off. This will help get the corn up, but may delay the bean planting.
I have noticed that the USDA reports show the corn crop carryover going down which has caused a decent rally in corn prices. On a seasonal basis, corn and beans do tend to top over the next month or so. You need to make sure that you have updated your budgets for this year to determine if the current prices are covering all of your input costs. If so, consider start locking in some of these decent prices.
I strongly urge all readers to have a good marketing plan in place since this can be (and usually is) the difference between showing a profit and showing a loss.
I was planning on taking my motorcycle back here, however, with the rain, I left my bike home. Next week, I go to California and plan on taking my bike then. I hope planting season is going good for everybody.
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