Most believe that the above prices are not profitable, but it's not just price that determines success or even business survival. Prices may be low, but they aren't flat. In addition, very weak harvest time basis has strengthened twenty-cents or more following harvest for both corn and soybeans the past two years. Capturing these early or mid-winter basis gains and limited price rallies has offered storage profits in both years. The LDP may offer the opportunity to enhance price even more.
Yield is important.
This year's above average corn yields, for most of Missouri, helps offset below average prices. The LDP is available for all production. The extra bushels per acre and the LDP on these bushels may result in respectable revenue per acre in spite of the low prices. Low prices are a problem, but profitability is more than price. All risks and resources must be managed.