| Uffta - 10/21/2010 12:01
Important question!---> do you owe any money to lenders? If so, what interest rate is attached to the note?
The reason I ask that question is because 5000 bushels of beans at $12 times 6% interest for 2 1/2 months is 15 cents/bushel. If your interest rate is higher, you are losing money. If it is 6%, you'll only be making 3 cents extra, etc, etc...
If you have money borrowed, it MIGHT be cheaper to sell the beans and pay down a note?? |
Jan SB forward contract
