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I can't believe this bean market
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TD15
Posted 9/22/2017 14:40 (#6263707)
Subject: I can't believe this bean market


A while back after talking to my grain buyer I thought maybe I should get more beans sold before harvest basis widened. I did a basis contract and put an offer in for the futures side of the contract the same day. We came close a few times but never hit. So yesterday I lowered my offer by ten cents. Well last night it hit and today it hit my original offer. I think of all the times I have missed by pennies just to see the market never get close again and the one time I change it and it hits it one day later. It really not much money on this small contract but it still can be frustrating.
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