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Buxton ND | Heard there's some fancy corn marketing goodies going on in the eastish parts of the corn belt.
Basically I'll give you .25 MORE per bushel today, then you in turn give me the same bushels for 2016 at the same price.
I would be very cautious on these type of stuff, as there using options dated in 2016 and even out to 2017 to do this.
Ag Squawk's, Dave Fogel addressed this type of marketing in depth last night.
Giving me a refresher 101 course on 1996 HTA's
Looking for comments for anyone hearing about this AND comments from those involved with HTA's from 1996ish
The whole HTA debacle left a very very sour taste in the mouths of producers with making forward sales as well as local's going "teats up"
For the young guys, corn went from 2.50 to 5.50 pretty quick (it was my first time selling $6+ wheat) with beans hitting in 1997 then the crash and burn with China being involved big time IN BOTH "yada yada yada" | |
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Fancy Dancy Marketing
