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north central Oklahoma | Hate to admit it too, I have already started some '08 marketing too, started back at $5.75, then $6.50, then $7.90, Thinking $8 might be broached but not for long. Have held off now till, well I don't know what to wait on actually.
Buckwheat,
Like I mentioned in another thread, I have never heard them called HTA's by the manager, but that is what they are. I don't have on farm storage, nor big trucks (hire that stuff done) so deal mostly with local co-ops. They have been good to me so far. Contract for delivery at $XX price, they turn around and short the market to cover themselves, cover the margin, since they put the postition on, but I must deliver, otherwise I'm hung for the entire contract. Have to be relatively conservative and try to contract no more than actual insurance guarantee. Covered for that much anyway, the rest is at risk.
Edited by Cowboycorn 2/5/2008 12:15
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Early Notes.
