The market pattern has, for the most part, been the same for the last three years. Low summer and pre-harvest prices tend to show the potential for large LDP's in the fall.
Problems begin when price starts to rise, and basis narrows.
This takes the LDP away, as it has done in the fall. The best LDP rate is usually early in harvest. Most corn silage and earlage that was put up last fall also had the best corn LDP rate. There is a way to protect the LDP rate. It involves the use of December corn options.