Posted 8/28/2017 21:39 (#6215799 - in reply to #6215779) Subject: RE: Is December corn artificially high?
Columbia Basin, Ephrata, WA
fatan sassy - 8/28/2017 19:32
IN555 - 8/28/2017 19:46
If it is being bought back that means it was sold. One offsets the other
At the risk of sounding stupid, if I deliver unpriced physical corn to end user at spot price, then buy dec futures, wheres the position that offsets that paper purchase. Pushes price higher if enough people do it right??
Is it unpriced or spot priced? You can't have both.
If it's unpriced, why would you take a futures position against it?
If it's spot priced, the elevator will hedge it (which will put downward pressure on Chicago price) and the farmer may or may not take a position on it.
Is December corn artificially high?
