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SW Minnesota | Looks like most (if not all) who have replied here all agree on what I have felt for years - DP is almost always a bad deal. If the elevator gets enough people to bite, they get in enough grain to cover their needs and then they have no reason to raise their bid down the road. You end up getting the same price (if you're lucky) that you would have gotten if you had sold it for cash 6 to 9 months earlier, plus you are out whatever you lost by not having that money on hand earlier to buy inputs, pay down debt, etc.
I have not seen any grain piled up outside at any of our local elevators either. And we have a lot of corn used locally here either in the feed mills or for ethanol so they WILL be needing grain in the near future.
For once, let's see what happens if NOBODY takes them up on DP delivery....
Edited by jd-tom 12/7/2018 09:43
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is the elevator telling us something?
