Posted by IaGary on September 30, 2011 at 11:04:48 from (69.63.5.162):
In Reply to: Re: Started beans posted by massey333 on September 30, 2011 at 09:05:34:
I can take beans to the elevator today sell them for March price, and pay storage at the rate of 3 or 4 cents (Not sure on the exact rate) per month till March. The elevators around here rent out storage.
So if today's price is $10.00 and March is $10.50 I would net $10.30 cents. Sometimes the carry in the market will not pay the storage, so you are better off selling on the today's price.
Our options here are sell, sell with deferred payment, put into storage under warehouse receipt, or sell for a future date and pay storage till that date.
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