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East Central Nebraska | A cash contract is just that, an agreement to deliver a specific commodity at a specific time at a specific location. If you can't, you have to pay. If you want liquidity, use futures. A person I know had contracted wheat and wanted out so he could plant corn. The elevator said no. If he had used futures, he would have lost 50 cents a bushel ($35 an acre) on his wheat contract and made $150 an acre more by planting corn. That was an expensive lesson just so he could avoid margin calls. | |
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info I just found out bout my wheat contract
