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NW Indiana | Well the obvious stuff such as interest, depreciation, labor, taxes etc but mainly the question most aren't understanding is how many times did they eat the inversion? I don't have time to go back and see the cost of each roll but it would have been expensive. Basis made up for it but also means you earned zero carry. I should clarify early on after harvest there probably was some appreciation in cash vs futures but anything held after spring was a loser. | |
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Grain Bin inflation
