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 - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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