Posted 10/4/2017 22:12 (#6288147 - in reply to #6288040) Subject: RE: They got burned by the spread (selling '17 beans in '16) not options
Reminds me of the market experts in the 80s. They would advise to know your break even and then would proceed to tell you to market a portion of it at a loss. Many often would have you 100% sold by the time the market got to your known break even! As one guy put it " Instead of beginning my scale up sales below my cost it would be easier to just farm 20 % less"
When was the last time soybean futures were $7.66?
