Nt1310 Unit 3 Exercise Summary
Over the last week the market has saw December corn futures fall $.08 on the heels of the Monday USDA report. The September report confirmed what most analysts have predicted for the last several weeks; there will almost certainly be a massive corn crop this season. The general consensus this week is that corn will continue to decrease throughout the harvest season. Kevin McNew of Grain Hedge believes if there is a late winter rally coming it will be “a game of small moves,”. I decided that it would be beneficial to calculate how much per bushel I need to make my break-even point. As a result of using the Missouri Extension numbers for average yield and average cost per acre I found that the minimum break-even price per bushel comes in at about