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"Sell up to your bushel guarantee"
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PeeWeeFarmer
Posted 6/23/2017 08:16 (#6085623 - in reply to #6085330)
Subject: RE: "Sell up to your bushel guarantee"


Its been quite a few years since I asked but at the time it would have cost me .25 per bushel at the terminals near here to cancel a cash sale plus the difference in sale price marked to market. On top of that a .30 cent basis loss on cash to futures. Best to just use the futures market to hedge as commissions are only a half cent instead of .25 cents at the terminal to get out of a contract. Maybe that has all changed but something to ask about.
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