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Dialing for bushels.. standing for delivery?
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doathlon
Posted 3/1/2024 07:59 (#10646488 - in reply to #10646243)
Subject: RE: Dialing for bushels.. standing for delivery?


JonSCKs - 3/1/2024 00:12

Merchandisers we’re manning the phones today dialing for bushels here.

”got any corn to sell?”

$5.20 is what it would take.. else I’ll wait.

”are you moving anything?”

Not at these prices.. We’re only a 0.25” more so far this year than this time last year which was the worst wheat crop some (didn’t) raise in their careers.  It was 80 here earlier this week.. and the wind has been blowing every day since.. Frankly.. we may not be in much better shape than a year ago.  I’m good.  I’ll wait to see when it starts to rain first.


Maybe they can stand for delivery?



I sold months ago and bought May July options. Paid the bank, not paying interest on that grain and won’t have summer bin loss. Rolling in this environment at this point is dumb. Play paper or physical is the choice at this point. Paper was the play.
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