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Cost to move beans?
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cornncows
Posted 9/21/2023 15:16 (#10410455 - in reply to #10410184)
Subject: RE: Cost to move beans?


Ne Nebraska
With interest cost up this year it’ll cost about $0.10/month to store beans just in interest. My plan with non sold bushels is to deliver out of field, sell spot and reown on the board. Put the cash in the bank and stop interest. Yes I lose carry and basis improvement, but they are out of my hands, no extra costs, shrink, etc, and I’m still open to futures price improvements. Plus I can use on farm storage for corn bushels yet. My two cents worth.
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