| If ya have to borrow money and ya think Corn is going to go up (assume that's why your storing it), sealing it is kind of a no brainer. Only has to appreciate 4.625% to be a wash vs a bank at what, 7-8%.
Cash Corn (here) today is $3.96 (X) 4.625% CCC rate = .18315 interest cost/ bushel ANUALY/ 12 = .0152625/month/bu CCC interest cost. plus your storage cost at say .03/month/bu = corn has to appreciate .045/month to cover interest and storage. Our local December bid is at $4.06 which more than covers all cost just to get funds for a month.
Hate borrowing money but "Play the Game" if need to. The current local carry in the market does not cover commercial loan rates plus storage.
Edited by turnipted 11/5/2025 08:57
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Government shut down and grain loans
