Posted 1/29/2024 19:19 (#10599651 - in reply to #10599604) Subject: RE: Formula for selling corn in july with market carry VS paying down debt today
IA
That’s what my math says using your numbers. Here’s how I ran it for the OP so you can put in your own numbers.
$4.50 corn x 7% interest = $0.315 yearly interest
$0.315 yearly interest / 12 months= $0.02625 per month or 2.625 cents per month
2.625 cents x 5 months=13.125 cents interest cost. Value not included is you take out any risk of corn going bad for 5 months and if you have more available time to do it now spreads out the work load
Formula for selling corn in july with market carry VS paying down debt today
