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West-Central Missouri | Did not sell yet. But got a lot of bids after close. Noticed for my situation ($.03 storage / mo. and figured 6.5% interest on borrowed money on 25% of stored grain value) = .07 carry/month and that is about what is priced in the market. had 5-6 bids FOB the bin ranging from Apr. to Jul. delivery ranging from 7.47-7.40 after $.07 carry is factored in. I don't know why it is but I have not seen 4-5 buyers over a 4 month delivery period range only $.07 between each other.All of this corn would be going south to chicken feeders.
Edited by gbryce 4/4/2011 22:10
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My hammer must be defective !!
