As a producer, breakevens have clearly moved lower. I’m hearing more talk of cash-rents starting to fall and yields moving higher, a combination that makes $3.90 in the DEC17 contract actually profitable for some producers. I suspect for most the average cost per acre in 2017 will be somewhere in the $700-$800 range. If the USDA’s 170 trend-line is proven to be accurate most folks we need to see yields very similar to that of the past few years, meaning perhaps our breakevens aren’t as high as many of us are factoring into the equation??? In other words if you are spending $750 per acre to grow corn and you are using a 180 bushel per acre average, your breakeven is going to be just north of $4.15 per bushel, but if you use a 210 per bushel average your breakeven is just above $3.55 per bushel and changes the game dramatically and makes current DEC17 new-crop prices attractive. Make certain you are taking some of the technological gains into consideration. I’m certainly not saying to price it all, but for some low-cost producers prices up here near $3.90 makes some real sense. Likewise for soybeans, I believe break-evens have come down enough that new-crop prices are profitable for most. Per acre soybean expense seems to be in that $490 to $590 range. Again, if we assume cooperative weather, profitable prices are on our doorstep. Make certain you are executing your plan. I will be looking to make some additional new-crop sales on another leg higher.