Posted 5/4/2016 13:49 (#5282282 - in reply to #5282192) Subject: RE: If you didn't have on farm storage...
Northeast Iowa
July CBOT was 3.97 on OCT 15th, can lock in -15 basis right now -.04 FO fee = 3.78 June Cash vs a spot price of 3.47, seems like a bin might have paid, thats how bins WORK for you. Nobody does it that way, mostly just throw it in the bin and hope for higher prices. 31 cents a year wouldn't take that long to pay for a bin in my Opinion.
If you didn't have on farm storage...
