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Little corn buyer crying wolf. Basis ploy...
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Rockman
Posted 8/1/2020 15:05 (#8409075)
Subject: Little corn buyer crying wolf. Basis ploy...


WCMN
Local corn buyer posting .36 under for August delivery.
(reasonable basis)

Several calls/texts saying we are widening do you want some. (-.36)
I passed for a few days, then comes the text
“we’re widening now, want some”

I did some bushels.

They never did widen, not for one day, not at all. Still haven’t.
What sort of a game are they playing?
Any suggestions dealing with a buyer like that?

Edit to add, it’s been over a week.


Edited by Rockman 8/1/2020 15:07
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