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SCIA | But, there was always money to be made. Put it in the reserve, collect the storage payment and either forfeit it or PIK it out at -30% on the certs. Rinse and repeat. Cost were 25ish percent of today.
Grain marketing was simple. Put in the reserve, collect 3.26. Store it collect another .26. Build another bin. Collect storage on old crop and new crop, that fit in bins, put new crop in reserve. 3.25, in light of cost and yields would, probably, equate to close 8.00 today. Notice I said COST structure today.
Edited by Tiler 3/12/2019 06:10
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Race to the bottom.
