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NCND | So with all the talk of bad basis to come here with rail what can we do to protect?
My new crop bean basis is .-80. I can live with that so I'll sell cash when need to. Didn't even ask the local joint if they'd do a basis contract at that or not so I guess that would be an option also.
The stickler of the group is wheat. New crop is .-80. By the sounds of things carrying to january or later may not be better either for next year.
Does msp offer options or any tools for cash settlements? I always thought they had a cash index or something?
I have some decent new crop sales but I hate to lock in -80.
Longer storage would be an option but I need to have about 100k of wheat marketed off the combine or put up new storage. Not really crazy about that if this basis problem is a year or two deal.
I know tara talked about hauling to duluth. In 1980 my grandpa bought a brand new pete for 80k to do that very job. I have trucks but not sure if i want to haul 50k to duluth or if its economical.
Just curious what everyone else is planning. Hunker down and put up steel or is there a paper way to do this??
TIA | |
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MSP wheat boys, ND beaners what are the options
