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Explaining this offer from local ethanol plant.
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shooter
Posted 11/19/2024 11:03 (#10973725 - in reply to #10973718)
Subject: RE: Explaining this offer from local ethanol plant.


NE Iowa
My situation: I'm 38 I sold about 40 percent forward contract. Then sold some out of the field at harvest. All bins were full. Price sucked but paid down some debt. Plus the corn was 15 percent so no drying cost or extra hauling. I wanna price alot of corn before March 1st. Like to keep the operating line down to 0 or low at least. Currently have 130k bushels in storage on farm. Beans were all forward contracted and rest sold off combine. I dd good on beans this year. I sucked at corn. Should have sold some for dec jan and Feb months ago.

Any thoughts for me would be greatly appreciated

Edited by shooter 11/19/2024 11:05
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