Posted 5/19/2020 21:25 (#8268331 - in reply to #8268259) Subject: RE: So if your a crap marketer you got bailed out today
I'm a self proclaimed idiot, I never want to get to the point of thinking I piss excellence. If you still have the opportunity I would highly encourage you to talk to your friends dad or the son to understand the business from their eyes. I opened my eyes when I started thinking of it from their perspective instead of a producer. Made more sense to me to model my storage thoughts based on how a successful industry was doing it.
I'm not in the camp of being mad at other producers on this program but I do feel it is the worst structured one in awhile. I have more questions than answers and I guarantee you that the fsa won't have all the answers.
What about a basis contract?
Why would board positions be any different with price risk?
Calls still have price risk
Why does January 15th trigger a 67 cent jump in corn price? Did it go down that much that day? Beans were down 95?
This program is ridiculous just like the last couple hundred but it is getting worse. I'm honestly to the point of wanting to pulling out of the fsa completely as I really do feel embarrassed.