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| I have a couple farms rented that are pretty tough, going to plant them to milo. If I forward contract this milo for dec 21 delivery I can get +55 basis, by July 22 the basis drops to +13. I am positioned so that I typically can carry corn in my own bins until July. Could do that with milo also. What would be the best play to maximize my price and benefit of bins? Can I use dec to set my basis, then roll it forward until July to snag the carry if the markets are not inverted then, yet keep the dec basis of +55? Or how would that situation play out? Or am I simply better off to sell dec, or atleast set a basis contract, and then set the price when I am happy with it and let the bin set empty and make delivery out of the field? | |
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