Market volatility has steadily ramped up over time since the inception of the ethanol era, something that’s been especially true over the past three years. While corn prices are seemingly on the decline, the most important factor to manage for end-users is the potential for major swings week-to-week and month-to-month.
The Chinese use two symbols to simultaneously represent the concept of risk or crisis: one is danger, the other is opportunity. I think that is an appropriate characterization of the risk and reward potential inherent in today’s markets.
• Where do you find yourself in terms of trying to manage feed costs?
• How have your strategies changed to navigate through some of the large price moves we’ve witnessed over the past several years?
• Where do you foresee corn prices headed in the coming year?
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