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Analyst warns against chasing market highs
A market analyst warns farmers not to get caught up in how high corn and soybean prices might go.
Angie Setzer with Consus ROI tells Brownfield it’s not worth trying to outguess the market.
“Because they can go higher than we ever thought possible. But I’ve heard that numerous times in my career, and I can tell you that when it feels like we have to continue that next leg higher is generally when we start to see things take a shift.”
She recommends an incremental sales approach.
“Split your crop up into small increments. And instead of focusing on trying to nail the highs, focus on trying to incrementally catch the runup and have a fantastic average price when all is said and done.”
Setzer does not expect the market to calm down anytime soon and says the volatility could get worse before it gets better.