South Central MN | FarmingMo - 1/15/2025 15:09
I know exactly how work. If you sign up 20k bushel and you get knocked out you owe them the entire 20k bushel whether 1 bu or 19,999 were priced before you got knocked out.
So if you get knocked out with let's say 1k bushels priced. Then you're still obligated 19k more that is unpriced and the market has dropped 50 cents.
Which company are you using for the accumulator? Yes there are some modified ones that have a guaranteed price below the knockout level and such. But I've never seen one that doesn't require the full commitment of bushels either way.
Was just talking to our coop today about accumulators. Their version does not function as you describe. If I signed up 20k bu and get knocked out after only 1k, I only owe the 1k that's already been priced. The remaining 19k is dropped off the contract, unpriced & uncontracted. |
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