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NCND | Sell January cash over dec cash. They are giving you 7 cents for storing 31 days. Cost if carry us generally seen as 4 cents a month. The rest is profit.
They are giving you 24 cents for storing 3 months. Wouldn't sell today October delivery as they obviously don't want it. Only way to guarantee yourself that 24 cent carry is sell January cash.
Keep in mind the market can change it can go up or down. Only thing certain is taking that offer today or tomorrow.
I'd be tickled to have a basis like that! | |
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Violence and storage paying in spring wheat
