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2015 acres
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Illinois Steve
Posted 9/15/2014 09:30 (#4075401 - in reply to #4075380)
Subject: RE: For pete's sake guy's


North Central Illinois
You mean it has worked best the last six or seven years. The 20 years before that not so much. Not to say storage does not pay because it does. The way guys made it pay in the 90's was by forward contracting ahead for a deferred month while capturing the carry. The corn went in the bins but a big percentage of it was sold before it made it to the bin. Not all of it mind you but it was a strategy that worked. The guys that grew the crop hauled it to the elevator with nothing contracted were the ones that got screwed. And there was a lot of them. The guys with on farm storage made out a little better.
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