EC Nebraska | white shadow - 12/16/2015 12:58
theoretically, once we trade below your COP ( your known rock solid COP, using APH ) you could buy your production on the board and where the market is heading would not matter----you have bought your production cheaper than you could raise it.
Then, the only variable that could bite you would be if it is a good production year and yields would be above APH, lowering your COP.
Figure COP based on 120% of APH. Not a terrible strategy if you took PLC. You're somewhat hedged below there any way. (if the gov.t payment comes through)
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Bears get grain for Christmas!?
