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Old crop non gmo beans
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AGDEAL
Posted 6/9/2023 17:00 (#10263426)
Subject: Old crop non gmo beans


Illinois
Have some overage that buyer doesn’t need. I had them hedged on my own and bought them back 10 days or so ago for a profit. Buyer will let me contract them for next year but I will take a $1.90 loss moving to new crop+ interest, which is equivalent to the premium. I’m thinking about just dumping them in a month or so as commodity beans.

Buyer is claiming demand issues and I have called a few other buys with same story. But old crop carry out seems different

What would Agtalk do?

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