Richard,

Here at our closest River port (Osceola) we can:

1 Roll it to July 08 delivery and make .09 cents less penality (.05-.10.) must do this while the market is open.

2. Buy your contract back and pay the difference, or if you booked when the market was higher than now you could make money  (less .05-.10 cent penalty).

They are willing to work with farmers here, because there are several bu. of wheat and corn that won't be delivered.

For what it's worth I think you need to do it quick if you think you can't deliver.

I've already bought back several bu of corn..............I think I'll do more tomorrow. 

Have a good night,

John