Southern IA | Mac46147 - 9/2/2024 15:15
I called local adm processor on aug 14 and contracted 5000 bu of beans, verbally. Never saw contract in mail. I called them back on the 26th and told them I haven’t gotten a contract. They checked on it and said they had it in system. I sold another 3000 bushels that same day.
Got the contracts for the 3000 bu I sold on the 26th 4 days later but still nothing on the first 5000.
Question is…. Could I consider the first 5k cancelled since I have never gotten anything to sign? The market is in my favor to do so as it’s $.30 higher now. I also know my human nature is such that if it was $.30 lower I’d want it honored.
I will call them and work it out but I was just curious what general consensus was. I figured they’d just not want to work with me in future if I do something they consider not good.
Hmmm, and all the farmers were thumping their chests talking about how virtuous they are after Jake lieb went off on his rant on how ahw wouldn't honor their contract, you called them and confirmed it, maybe they sent it and the mail lost it, call them again and have them email it |
Grain contracts
