Dave If you call me at 989 413 5684 I will try to explain it to you as best I can. It will be the best way as it takes volumes to try to type it and lots of experience. I learned a lot by talking to one of the buyers at The Andersons in Toledo OH. You should have several options for sales. They are as follows. Forward contract Hedge to arrive Basis Cash and of course the Hedge as the brokers like to get you to do. ( Merrill Lynch used to be one of them). Options now the options is the one I know the least about . That is the buying of Puts and Calls, one has much more risk than the other one. I think that is the Calls ,it has to do with whom is the underwriter of the contract, ( another words as I understand it the guy with the risk). Basis is done when you think difference between cash and the CBOT is as close as it will get and the CBOT has room or will go up. Or cash will drop off. Hedge to Arrive ,Is for when the CBOT is high and the basis is wide and you think the CBOT will drop and basis is not going to change much or narrow( get closer). Cash is of course when you just simply deliver at the market for whatever the going price is that day. Forward Contract is just that a contract to deliver a predetermined quantity at a specified price at a defined time. Now I haven"t done any of these in years so some of this has changed I"m sure and make no claims to your or anybodies success or failure from this information. Yes of course the disclaimer. LOL
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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