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SW Iowa | I can think of $1.85 / bu of reasons why not to contract corn in Jan for O/N delivery. O/N was priced at $5.45, the best it got, and I was selling spot out of the bin in Jan for $7.30. Who in their right mind would take a $1.85/bu hit on a future delivery contract?
Of course, looking back, hind sight is 20-20 isn't it. Anybody can do that.
How about telling us what the market is telling us about O/N 2014? Should we book it in Jan, or wait?
Edited by Itchy 9/8/2013 18:28
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Ugliest of Them All
