what would you do????
Ok, I'll do this again. I have just finished hauling in the last of my unpriced old crop corn. I inquired about possibly filling some of my new crop contracts IF i could gain some basis money. I had one small contract for new crop delivery at 5.70.(made last sept) I was told that I could gain enough basis to raise it to 6.40. right now I can sell new crop for 7. The present old crop price (yesterday) at my location was 7.42. My dilemna was should I take the contract with the higher basis or sell now for 7.42. If i wait the best i can do for oct. is the 5.70 i originally agreed on. The merchandiser thinks i'm nuts, but I filled the 6.40/5.70 contract and sold a corresponding amount for 7 new crop. what do you think??
Re: what would you do????
John you're gonna have to use larger print if you expect us old coots to read it. I even got my magnify glass out and it still looked like a blank page.