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SWMO | First you will need to explain the details.
What does "sold contract" mean? To whom? Sold contract or the beans that was intended for contract?
Why mention 2011? Are these 2011 new crop beans with a 2011 delivery date?
What is the delivery date?
For every action there is a re-action.
The elevator now has to buy beans at market price to fill their obligation. They will take a loss in current market.
This is basic to forward contracting. If one cannot understand this principle, they should not play the game. | |
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What if???
