date:Jul 30, 2014
red crop should be priced for later delivery or held unpriced.
That decision is influenced by the magnitude of the carry in the corn market, the cost of storage, and expectations about the change in corn prices after harvest. For corn that is stored and priced for later delivery, the price for later delivery obviously needs to exceed the cost of storage.
For forward cash sales, the differences between the forward bids for alternative delivery dates and the spot bid can be compared to the cost