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Holland, Indiana (SW IN) | Comes out the same as doing it on the board--"what we sign into" --Get 80% up front elevator keeps 20% to maintain your position
I loose about 15% of the 20% elevator has they are going to expect me to pay them margin to maintain my position
Most basis contracts guarantee you get to keep the up front money you got---
the elevator will put in an order sell you out at 20% loss but at that time you are out of the game
It's just as painful as doing it your self ---you just don't see it every day
Corn really sucks at this time too much carry about 12 cents +1 cent to roll -- never seems to work with big carry
Don't know what I'd do if we had corn on Basis contract
We have some soybeans ----got a good basis :-) --I just looked at doing some options didn't like them
SHOULD have sold them a long time back I am a brilliant hind site 20-20 marketer (Looking backward)
Pain continues
Dan
Edit to add I know of no elevator that will go underwater with their money on a basis contract what ever money you left at the elevator runs out they sell you out
----Grain buyers aren't a golden goose I don't think they trick anybody ---You play the game better know the rules
Edited by Dan Loehr 2/16/2024 08:02
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Basis contracts
