Merchant’s Plus Grain Pool / Potential Accumulators
Craig Coop would like to offer you the services of FCStone Merchant Services. We had 30 producers sign up bushels back on 11-16-15. Producers were targeting some summer old crop sales and new crop 2016. If you did not get in on the 1st sign up period or you want to enroll more bushels another pool will start 2-19-16. They will only be targeting new crop 2016 corn and beans.
We are now offering free Price Later on corn and beans till September 15th 2016.
I am looking at 2 Accumulators for new crop corn and beans. My goal is to get you $4.00 cash corn and $9.00 cash beans on a portion of your bushels for new crop 2016. Looking at todays new crop posted bids that would be .50 and .70 higher than todays posted new crop prices. Both of these would be Producer Range Accumulators with a weekly double up. To achieve this we will need to see the December board reach 4.10 and November beans reach 9.05. Then we would be pricing 4.40 and 9.60 futures minus basis. Let this be your worst sale if you have an opportunity to sell at higher levels do it. If you want to partisipate in either of these Accumulators let me know.