NW IL | Rfarmsindy - 10/4/2017 20:49
This contract started at the beginning of January 2016 and reach a low point of $6.59 on August 3, 2016. It slowly recovered some to $7.92 in July of this year before finishing at $7.66....all futures prices. Take the basis off of this. Seems like this is somewhat of a conflict of interest for a grain buyer (whose best interest is purchasing grain at the lowest price) to offer an "expert" marketing service for their customers that results in the buyer making an extra $2/ bushel on a soybean contract.
I wouldn't doubt upper management is laughing all the way to the bank. If it was on purpose, seems kinda greedy to pocket that much per bushel |