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West-Central Missouri | OK. Thanks. So I understand it works like this for example
120 aph x .75 x $4.70 = $423 per acre guarantee
So if october price goes up to
$5.00 it is.
120 aph x .75 x $5.00 = $450 per acre guarantee
If october price goes to $4.00 it is still $423 / acre. But trigger yield goes up from 90 yield in both above scenarios to 102. (90 x $4.70 / $4.00)
Is mpci price the board price or an aggregate cash price for the whole US? Is it the same across the whole US? | |
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Understanding RP Covered Bushels Correctly
