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Northwest Iowa | Several different aspects to think about with your post. Basis in my area is not in the farmer's favor. That should improve but not likely fast enough for commercial storage to pay. Futures market is acting pretty darn good but when you buy a March contract, you're paying for the cost of storage. (March is higher than Dec). Then figure in the stopping of interest by taking cash and paying down debt or possibly prepaying next year's expenses. Kinda takes a computer program to figure it and in the end, you have to figure where you are comfortable, as well. | |
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Speculating with physical vs. board
