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| The basis isn't the best right now but if you aren't ready to set the price on your beans than selling now and buying any futures month is better than keeping them in the bin. The March is 35 cents less than the July price so that sure beats paying interest on the actual crop in the bin. If you are paying interest and would keep your beans in your bin you would probably have more that 50 cents in interest per bushel so you would need to have $12.10 just to break even without considering any shrink or the risk of them going out of shape. $11.25 March futures sounds a lot better then $12.10 break even. | |
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Selling beans
