Although we have been bearish of the grains for some time, and do expect to see lower prices as we head into fall, the current pricing just over the $5.00 mark is enticing enough for us to begin looking at option strategies to protect against new crop corn purchases if it is suitable. Call to discuss your individual situation.
We look for corn to open slightly higher and soybeans to open 8 to 10 lower.
Daily CME spot market prices:
Block cheese: $1.57 (unchanged)
Barrel cheese $1.50 (up 3 cents)
Butter: $1.3925 (up 0.5 cent)
Grade A NFDM: $1.1575 (up 0.25 cents)
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