don't sign these one sided jokes , let this be a lesson
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I thought options expired worthless if they weren't exercised. If there is a scenario that they must be used after purchase, I couldn't answer. I don't use them and barely have any knowledge how to use them.
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I think if you can get out of those contracts for a small fee it would be wise to do so.
If you go to deliver and your short it's going to be more expensive later.
The canola crop isn't getting bigger each passing day it's getting smaller.
The most a rain will do now is maintain yield not increase it.
I will stick with a sub 12 mmt canola crop this year.
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I would think specialty crops would be allot riskier to sign dd contracts because they can be highly volatile and there is no futures market to set the price. it would defiantly be a no go if they did not have a AOG clause.
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Earlier this spring a few were all horned up about measly $10.50 canola, they told me it was strategic marketing and what is my marketing plan? Just take what there offering at harvest time?
! U helped hold the price down by signing at a break even price on a average crop, how is $10.50 looking now?
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