$$LentilMPU – Take 22-23c #2 or 25-27 #1 on 20% to be 100% sold (27bu of 27bu). Benchmark 80% sold. At Current 22.5c be 100+% sold. Best pin hopes on NewCrop.
There are just too many unsold operations out there that any rally will be met with big sales and more likely, it’s that “no rally” will be met with big sales.
Had I been been subscribing to the Kostal reports back at harvest I would have had at least had one like-minded opinion and the conviction to sell 100% off the combine near 30c for #2’s rather than just the 80% we did.
Many brokers and analysts did a major disservice to Lentil producers last fall as you could nott find 3 people in the industry Bearish what at the time was an obviously Bearish market. Losses are in the 100’s of dollars per acre on those “Hold” recommendations unless some type of general market rally is able to scare up a 25-27c #2 Large Green bid in the next 6 weeks.