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SD/ND/FL | I'm a relative newbie but I have a couple questions for you.
How did you get your hedges to the September/December contract without having to eat the huge inverse? Also, where is the record basis? I have a very small amount of corn left and the basis at my preferred location is $.00 today, I could've gotten $+1.00 a couple weeks ago. (EDIT: I also could've gotten +$.20 the July contract which represented approximately +$1.50 the September when they rolled to September) It represents less than 5% of my production but still sucks!!
Edited by ImTheBoss 9/9/2013 23:55
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percent sold
