Congrats you just gave your local line company a FREE call option on your grain. Guess what your target is 10 cents out of the money and futures rally 25 cents in 15 minutes and you just lost 15 cents. Talk about showing your hand, the traders know exactly how many tonnes they have the option on and at what price. Can't believe people give grain cos these options for free. Its a great way to perpetuate a shitty basis.
You need to watch the markets and negotiate on basis. Also need to separate basis and selling decisions.
You need to watch the markets and negotiate on basis. Also need to separate basis and selling decisions.