Andrew Luzum

I mean, $4.55, right? You did say $4.70. Yeah, $4.70. Yeah, I think that's attainable today.

I mean, $4.55, right? You did say $4.70. Yeah, $4.70. Yeah, I think that's attainable today.

Yeah, I mean, even in our client deck, I mean, once we came out of that May rally, we were probably 60% to 70% hedged on what we thought was going to be an APH crop. Obviously, we're a little behind because of better yields. Great, wonderful. I would say this year you are actually even further behind as a national average than the year prior. Yeah.

Yeah, I mean, even in our client deck, I mean, once we came out of that May rally, we were probably 60% to 70% hedged on what we thought was going to be an APH crop. Obviously, we're a little behind because of better yields. Great, wonderful. I would say this year you are actually even further behind as a national average than the year prior. Yeah.

Yeah, I mean, even in our client deck, I mean, once we came out of that May rally, we were probably 60% to 70% hedged on what we thought was going to be an APH crop. Obviously, we're a little behind because of better yields. Great, wonderful. I would say this year you are actually even further behind as a national average than the year prior. Yeah.

That seems to be the problem when you have hangovers from high price years. It's the perpetual, well, I think it's going to go a little higher. Let me wait another 50 cents and then we don't pull the trigger. I don't disagree that there was probably a lot of guys with some pre-contracted grain on, but as a percentage of their total farm handle, you know, Maybe 20% would be my guess just overall.

That seems to be the problem when you have hangovers from high price years. It's the perpetual, well, I think it's going to go a little higher. Let me wait another 50 cents and then we don't pull the trigger. I don't disagree that there was probably a lot of guys with some pre-contracted grain on, but as a percentage of their total farm handle, you know, Maybe 20% would be my guess just overall.

That seems to be the problem when you have hangovers from high price years. It's the perpetual, well, I think it's going to go a little higher. Let me wait another 50 cents and then we don't pull the trigger. I don't disagree that there was probably a lot of guys with some pre-contracted grain on, but as a percentage of their total farm handle, you know, Maybe 20% would be my guess just overall.

I will say the farmer has become more sophisticated marketer in the last five to 10 years to some extent. Kind of has to be with the margin structures we have. But, you know, that's, you know, you look at just our group of guys and generally speaking, nine out of 10 years, those forward sales in the spring of the year, you look back and say, gosh, yeah, that glad we did what we did.

I will say the farmer has become more sophisticated marketer in the last five to 10 years to some extent. Kind of has to be with the margin structures we have. But, you know, that's, you know, you look at just our group of guys and generally speaking, nine out of 10 years, those forward sales in the spring of the year, you look back and say, gosh, yeah, that glad we did what we did.

I will say the farmer has become more sophisticated marketer in the last five to 10 years to some extent. Kind of has to be with the margin structures we have. But, you know, that's, you know, you look at just our group of guys and generally speaking, nine out of 10 years, those forward sales in the spring of the year, you look back and say, gosh, yeah, that glad we did what we did.

Why would I? Yeah.

Why would I? Yeah.

Why would I? Yeah.

Yeah.

Yeah.

Yeah.

All you got to do is show the banker that you got corn sold for 26, and he's got to give you the operating line for that. Yeah, that's how it works.

All you got to do is show the banker that you got corn sold for 26, and he's got to give you the operating line for that. Yeah, that's how it works.

All you got to do is show the banker that you got corn sold for 26, and he's got to give you the operating line for that. Yeah, that's how it works.