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Educate me on grain elevators
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Posted 2/20/2021 08:57 (#8846291 - in reply to #8846050)
Subject: RE: Educate me on grain elevators

I thought elevators are only supposed to make money on the basis. As soon as farmer contracts some bushels, the elevator should be contracting those bushels to end users. By not doing this, the elevator takes on risk.

And making money on shrink, drying, and storage.
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