Economic turmoil, recession, energy price collapse, concerns over inflation, acreage shifts, weather problems — these are just a few of the issues we will be dealing with over the next few months as prices adjust to the changing economic climate.

As a result primarily of the worldwide economic collapse, it is doubtful that there has ever been more confusion among farmers and non-farmers alike as to where prices and the economy are headed.

These are difficult times which make decisions even more difficult.

Nevertheless, business goes on and everyone needs to manage his business based on the “odds” that are in his favor.

Here are some items I think you should consider as we move ahead into summer:

In my over 30 years in this business, the fundamentals have changed but people did not. The majority of your neighbors still base this year's decisions on what they did wrong or right last year. Producers sold grain too early last year — so they won't do it this year.

Be very careful. As I have stated in this column before, odds are high that a top will be in the grain market before summer gets into full swing — at the very latest July 4th.

Spring and early summer rallies have historically been rallies to sell. Cotton is another story — don't sell it when prices are below loan rate.