Contracts are written before production. They always have a time as well as a strike price. If you cannot deliver, you have to make up the difference on the spot market at current prices. If you don't, your broker will do so.
It does not happen that someone cannot pay. You are not allowed to buy the contract without sufficient funds to cover a potential loss, and they do monitor the situation and will sell you out long before you are in over you head.
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
... [Read Article]
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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