Posted 7/1/2016 08:06 (#5385038 - in reply to #5384085) Subject: Why not just buy a Put if you all are worried about production?
SE IA
First off, Fry....I don't think there are many old crop beans left...and it looks like everyone is worried they wont produce much of any to sell.
An $11.00 put for Nov is $.40. You would have a $10.60 floor on beans if you locked in a put. And if it goes to $14....you get $13.60 for your cash sale.
If your not selling soybeans tomorrow your on crack
