Deserves a new thread

[farming101]

Trying to record the worst sale of the new crop.

Hedges underwater, good a time as any
I'll take the heat for holding Nov under 634

[jazz]

Was short of bin space in sept, had to unload 1000 bu at $11.

Rest was held until last week and out before the storm.

[farming101]

Yes, in Sept '06 after trying to corner the market in Canola for countless years we ran out of bin room.
Sold a load for 5.64 net.

[Guest]

june/2020 4000 bu canola(all of it) @$10.50, 2 weeks before ALL canola hailed out
Luckily , none priced
5000 bu priced sept/21 for $11.25
need i go on ? , lol
thats why i need help from guys like you 101

[Guest]

Yes, in Sept '06 after trying to corner the market in Canola for countless years we ran out of bin room.
Sold a load for 5.64 net.

that year we were selling for $5.25 , 6 % MT, adding water , getting an extra $.25 for the h2o, grand total $5.50

[Sodbuster]

In 2006 I put up a nice row of hopper bins and paid for them in 2007.

[farming101]

In 2006 I put up a nice row of hopper bins and paid for them in 2007.

Should have done the same but thought if we could only get the bins empty we'd never need another bin

[Guest]

In 2006 I put up a nice row of hopper bins and paid for them in 2007.

think the thread was asking for marketing screw-ups?

[bucket]

Should have done the same but thought if we could only get the bins empty we'd never need another bin

This year is shaping up for not refilling the bins if the moisture does not come.

Would sign new crop but what if eyes don't grow it????

[farming101]

This year is shaping up for not refilling the bins if the moisture does not come.

Would sign new crop but what if eyes don't grow it????

A great concern here too. Maybe got around 3/10" out of the snow?
The stuff being priced is risk free

[burnt]

My worst marketing decisions are/were usually a result of getting greedy.

Back in the day when I was still serious about farming, I sold all my soys on a very strong market that looked toppish.

Sure enough, it was.

When I sold, I called my hedging broker and said I sold my soys and I want to buy puts.

No, he said, you want to buy calls.

I said, no, I think things are gonna collapse.

Se he got me puts, deferred months, which were very reasonably priced.

Sure enough, the market started to slide and my puts made me look like a very unusually brilliant genius.

Until it turned the other way.

No problem, I thought, this things still gonna bust.

And held on. And held on while they just kept sliding.

Before it was over, I had left the initial 50 or 60 cent gain on the table and lost my premium which, adding insult to injury, ended up taking about 25 cents off the sale price of my soys to boot.

I provided the living example of the marketer's adage - They sometimes feed the bulls, but they always slaughter the hogs...

[sumdumguy]

People tell me about investments that are yielding them 15.5 - 18% monthly. Anyone heard of these yielders?

[jazz]

People tell me about investments that are yielding them 15.5 - 18% monthly. Anyone heard of these yielders?

Closed end funds.

Anything yielding more than 10% at todays market prices is giving back a huge amount of capital and disguising it as yield but these guys might have bought when things crashed a yr ago and are getting those yields.

We hold canoe income fund and it was yielding 13% for a time.

[Sodbuster]

Bitcoin, wish I had bought a few. Sister bought some around Christmas for 28K heard their worth 63K today.

[jazz]

Bitcoin, wish I had bought a few. Sister bought some around Christmas for 28K heard their worth 63K today.

coinbase ipos tomorrow