SDakotan, I guess we could have been made to look stupid if things turned south....but not today!!!! Nothing wrong selling at a profit. I been selling in .50 increments. We are looking at a plus .12 basis and a 2.40 premium. I've been hauling them this week.
I'm sitting on about 25% right now. I think I am going to let them fly for 17+ and then buy some out of the money calls. I think this thing is going to continue going up. I'm like you and losing my nerve with high prices staring back at me. Great time to be a farmer! Glad you hung in there and ignored the "experts".
RCR, it seems we are about the only two who admit to holding onto an high % of our bean crop. When we cleared the old highs and then backed off I lost my nerve and sold another 15% of mine when they recovered some of their gains again.
I got about 60% of my beans left. sold the rest at years end and few weeks ago for average of 13.60 cash or so. still have 95% of my corn. dumb or not we shall see. I think our basis locally is going to gain around 15-20 cents here over next month. maybe more later on.
RCR, You are not the only one holding big time. I still have 100% of my 13 beans. In fact I still have some10 and 11 beans too....
I still have 100% of my 13 corn too. I figure the bottom should drop out shortly as I am planning on starting to sell cash grain in May. Just wanted to give you guys warning.