POP Payment Change for Friday is minimal. Cheap price insurance
1-8-2025
The POP payment will change from 1.24 cents to about 1 cent on Friday. This represents minimal change for a market that has been trapped in a 3 cent range since harvest began. Those numbers have been between 63 cents for a low and 66 cents for a high on March. The POP payment will continue to support prices if futures drop by increasing by a pretty equal offset which it has done for the last 3 months.
I like popping and selling with these good grades this year, but if I were waiting on selling, I would also wait on POPing. Read further:
I'm an optomist and I hope it goes up, but that doesn't matter. I feel like it will break out of this sideways pattern, but being down yesterday and again this morning does not sound like a bull market. I would chose to leave my POP payment protection in place incase the market breaks out on the downside because I probably would be waiting on a change if my financial situation was sound.
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