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NE SD | The coop here has a program starting tomorrow where they are averaging futures prices from tomorrow until into May. I think he said it's 52 days. So say you gave them 10000 bu, they would set the price on approx 200 bu per day. He said say we get half way through, and the price has really rallied, you can set the futures on all remaining bushels.
Basis can be set at delivery point of our choice, including the ethanol plant they originate for. Intended for new crop but can be rolled to March or May.
What's your opinion on the best play here? Leave it alone? | |
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More on HtoA, questions of my own.
