Soybeans up again

[bucket]

Lindane will come back when they think of a new name and can charge 20 bucks a pound for treated seed.

[furrowtickler]

Also agree that this whole clever issue is b/s
The big three are in line with their own "Quin" products - somehow I think they will be just fine when released and will cost upwards of $20
Just a wild guess .....

[SASKFARMER3]

Its always follow the Money. Grain companies will make out like bandits.
Oh they always will and always do.
How many farmers have a Billion Dollar operation. Oh wait none ok maybe one Buffets brother the farmer but again follow the money he didn't make that farming.

[farming101]

Likely too early to say and it is Friday so profit taking is in order
but I wonder if that was the top for beans this morning?

[boarderbloke]

beans off, but oil and meal both up!

[errolanderson]

This is a money-flow rally and an excellent hedging opportunity for growers.

Nov canola $520 put options traded for $20/MT on June 02. This offers an $11.34/bu floor minus your fall delivered basis without production or delivery obligation.

[bucket]

Minus a September basis of 50 per tonne and it's a 10.25 price.

Delivery or no delivery it's 30 bpa minimum to break even. At the farm.

[bucket]

Minus a September basis of 50 per tonne and it's a 10.25 price.

Delivery or no delivery it's 30 bpa minimum to break even. At the farm.

[errolanderson]

bucket . . . $50 under is a nasty basis.
would negotiate that one . . .

or look at Jan puts to await a better post harvest basis.

this is pure price insurance without obligation.
expired put options would be best case scenario

[bucket]

Of course it's ****ing retarded buy I can get a better basis then spend it on fuel and tires.

[Rareearth]

$ 520 futures
$ 20 put cost
= 3.85 %. (20/520x100)

Seems like a reasonable % cost (risk) compared to other types of insurance, with out adjusters, assessments, etc, you are in full control to adjust the position ( speculation or hedge)