| Little papa - 8/23/2024 20:34 You have a fax machine and paperwork necessary from fsa. So let’s say loan rate 2.20. This morning LDP rate was 20 cents or $2 corn. Market goes up 30 cents today. So you quick LDP corn- maybe all maybe only portion. Send in fax and you get the 20 cents LDP plus you’ve gained the 30 cents in the market, That is if my memory is right.
Back in the LDP days 5 cents/day was a big move. I'd be willing to bet that corn never went up (or down for that matter) 30 cents in a single day at any point in time when LDP's were in play.
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LDP program
