Office (call or text): 705-313-2082
Donna: donna@maizeingacresinc.com
cell: 705-930-3488
Pete: pdarcher@xplornet.com cell: 613-391-9218 

Wednesday 4 pm:  We are just about down to dryer speed at Campbellford.  We will need more grain tonight to keep both dryers running all night.  You can still bring in corn, but you may have to wait a bit.  If you can go to Wooler Road instead, you will be able to unload quicker.

  This will be the last week with free corn storage.Next Monday the $6 elevation fee will be applied and the $4/month storage clock will start ticking. You also have the opportunity cost of the interest. Rough math would say you need a $36 rally next spring to make this breakeven. While we can't rule out that as a possibility, I'm not sure the risk/reward scenario on that makes much sense. If you just want to get to the new tax year, we can hedge the corn and hold the cheque with no cost or risk. I would think yields are generally good enough to be profitable with $200 corn so never be afraid to take a profit. If you are dead sure this market has upside potential, I think a minimum price contract makes a lot of sense again. Options have gotten cheap with the volatility leaving the market. We have some flexibilty in both the cost and the length of such a contract. This is not new, we have done these other years when we had lower prices and cheaper calls. Whats old is new again. For example: You sell the corn for around $16 less, get paid now, and have until June 20th to catch a rally and resell the futures. You would receive the difference between the market and $4.50US futures.Say market goes to $5, you reprice and receive around $27/t cad$, subject exchange rate. No guarantee that you get ANY upside at all but you do get downside risk, for less than half the price of storage. You could pay the storage and still sell $175 corn next spring, netting less than $150. Probably less risk in Vegas with more fun....Call if you have questions. 

Just a reminder that grain is not automatically sold upon delivery.  The producer needs to contact us to sell grain. 

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