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| I think the spread will get smaller. If it inverts I wouldn't necessarily say it would stay there. If you're trying to do it, be open with your merchandiser and capitalize on it sooner rather than later. Consider your roll fees also. Probably costs .01-.02 to roll it, and the same again when you roll it back so if you do it for .02-.04 you may be breaking even and giving your profit to the elevator.
Don't plan on an inversion but if you have an HTA you plan on rolling, a bird in the hand is better than 2 in the Bush. If the crop does indeed come in smaller the .19 offered now might be your best shot at rolling forward.
Hope this helps. | |
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A chart...
