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western iowa,by Denison | So ,pretty well from the post below a no vice bean marketer I have become(5000 bushel)I bought a Nov put at $11 strike price
Monday I can sell my put and pocket around $800 as beans have gone down-
My normal marketing plan is to combine beans and then start selling 500 bushel every month in the cash market
Would you take the money?
Just leave the put?
Most ag talkers keep telling me puts expire worthless?
Sell the board and then have margain calls if beans go up?
contract the beans for fall delivery-then worry rest of the year if I can grow them?
Do nothing-which is what I have always done?
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so-even though I bought a put and screwed up-now what?
