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Central Missouri | They are managing correctly but for a bit different reason than you state. They set their storage rates equal to or a bit more than they can make if the buy the grain hedge it and earn the carry and basis improvement.
Would you sell your corn for 3.36 if the bid is 3.56?
They cant sell their space for .22 if it is worth .42
The only way to not be the “victim” is to be your own elevator.
These guys are putting on a class to teach farmers how to do it. Its pricey but in the general scheme over a lifetime its cheap
https://agrisacademy.com/online-course/
Edited by ehoff 10/30/2024 17:06
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Pretty much got hoodwinked
