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Beresford, SD | With beans this fall, Delivered contracts.....a great price in comparison. Dumped overrun...no more storage, lifted hedges and sold on spot. Well, we are almost a buck over harvest spot price. Cut tail and break the seal on the bins? Add up today's spot cash, futures gain, cash contracts....plus the Trump bucks and I'll ave 60 cents over last years average bean price with a 2018 farm ave. yield a little better than 2017. Let'em go or is there more to come? Beans in the bin are completely a long position. Selling the balance now will net over a $10 net cash sale..(with the trump bucks and lifted hedges). All the pissing and moaning on here is ludicrous. I posted this as a factual point.......if you were lucky enough to get the production.....it ain't half bad. I remember dad LDP'ing beans and feeding them to calves as they were worth less than $5 bucks cash........plus we were raising 38 BPA, not 68 BPA. Kids these are not bad times!
Edited by carlsoncl 12/9/2018 00:14
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Filled every bin I could....
