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<blockquote data-quote="TexasBred" data-source="post: 791416" data-attributes="member: 6897"><p>All "futures" are manipulated by investors who never take delivery on any product. They simply buy a position and sell it often never even having to fund it. When you see the market go down like yesterday you know there is a lot of profit taking going on. They you'll see them buy back indriving the market up. A lot of other factors also figure into the final price tho. Acreage, bushels per acre, prior year carryover,exports , etc. A corn contract is 5000 bushels. The board probably was $5.55 ( I didn't see it yesterday) but you could buy a contract for around $5.05 per bushel ($.50 under he board) but cash price delivered to me right now would be somewhere around $6.30-$6.40 per bushel. That would be for corn with less than 20 ppb aflatoxin.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 791416, member: 6897"] All "futures" are manipulated by investors who never take delivery on any product. They simply buy a position and sell it often never even having to fund it. When you see the market go down like yesterday you know there is a lot of profit taking going on. They you'll see them buy back indriving the market up. A lot of other factors also figure into the final price tho. Acreage, bushels per acre, prior year carryover,exports , etc. A corn contract is 5000 bushels. The board probably was $5.55 ( I didn't see it yesterday) but you could buy a contract for around $5.05 per bushel ($.50 under he board) but cash price delivered to me right now would be somewhere around $6.30-$6.40 per bushel. That would be for corn with less than 20 ppb aflatoxin. [/QUOTE]
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