Maybe for a thursday night marketing thought
Whitesand I cant imagine anyone actually pricing production 2 years out. That is not farmers. Not in this economic climate. Our corn ground went idle this year, government isn't getting any smaller so my costs won't go down, why would I lock in a loss two years out?
Isn't it spec grain or political contributions made expecting to absorb a loss well after the elections. It is really cheap investment in a mission minded world. Give a couple million to a Party and you might as well burnie it.... But loose a couple million of margin money and you can be part of the payback that the midwest deserves for voting against madam chairman....... In an environment of zero regulation anything goes.
It is just pocket change for our west coaster billionaires who could take it as a tax deduction if they happen to have to pay taxes. Or it is guaranting cheap grain well into the future if your a multinational grain company--- from a country that will pay through the taxpayers nose to keep acres planted....... and their only one of two places in the world that produce most of the grain...... International, Industrial Agriculture is playing this game for amazing profits.
(Or.........it keeps the iphones profits flowing )
