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Senior Advisor

$14 cash beans from the combine

Are you going to sell them some? With all the anxiety about new crop prospects will you bet on continued drought or are you confident that you can fill the contract?

 

So what is the alternative? Doing nothing or buying puts?

 

So do you buy a $14 strike at 59 cents or a $15 strike at $1.14 and what would  price guarantee would you get from that effort given the cost of the option and the probable basis charge?

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3 Replies
Honored Advisor

Re: $14 cash beans from the combine

$14 off the combine?  fukushima!  I can`t, sold too many at $13.20`s and thought I was the smartest man in the room for the past 2 months.  But when I pulled the trigger I said the classic "♫I`m selling♪ and hoping♫that these are the cheapest ♫beans that I sell♪".  And that $13.23 may very well be the cheapest.

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Advisor

Re: $14 cash beans from the combine

I'm with BA. also planted more coc this year. Boy, that was a flawed plan! I did offer old beans yesterday (in woden) for 14.95. they got to 14.93. dang! I'd say don't go by me.

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Advisor

Re: $14 cash beans from the combine

  I contracted some $14 beans last August/September.   Just hope I have them.  I should as I only sold about 5 bpa.

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