Hi Limit Up,
Well, these are respectable levels, and if it's an acceptable profit, lock it up I say. And given the rising water table levels here in IL-- the creek isn't spilling over the banks yet, but it's full -- hedging long in June may not be as necessary as I would have thought a month ago.
Same thing for those holding gold, you might be able to get a little better price, but how much of a difference will that make if it drops hard from here? Not much. And they have those new 10 oz. gold contracts too. While the correlations between asset-class markets and commodities as broken down, the correlation between the different commodity groups is still intact.
Trading is a risk endeavor and not suitable for most investors.