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Doanes Bean Sales 2013
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thekcirp
Posted 11/18/2012 07:45 (#2703428 - in reply to #2703312)
Subject: RE: 5% might as well be zero


NEMO

So Steve, as a comparison, would a 5% drop in the price of beans(70 cents currently) be immaterial also? A 5% sale today could add up to to alot of dollars as compared to total revenue from the bean crop. Example: I raise 20,000 bushel of beans and late last August I contracted 5% for $17.50/bu. Today that would be about $4,000 advantage. $4,000 on 20,000 bushel of beans is 20 cents a bushel. Is that immaterial? Just askin. 

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