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At What Price Do You Whore Yourself Out To ADM?
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cows-n-crops
Posted 2/14/2024 20:01 (#10623710 - in reply to #10623612)
Subject: RE: At What Price Do You Whore Yourself Out To ADM?


NEMO
5288-kid - 2/14/2024 17:43

Currently a 20 cent premium on the resource bean


That's what they say. Be pretty easy for them to change basis to make it look like a 20 cent premium when in reality they lowered the non resource bid by 10, 15 or 20 cents.

Basically it's gonna be a 20 cent spread between the two bids. BUT is one really a premium or is one discounted?

All of a sudden they could be buying 60% of their capacity at Quincy for 20 cents less than they currently have been while buying the resource beans at the normal bid, but it appears to be a 20 cent premium.
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