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Brazil getting juicier
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NEIAAG
Posted 10/8/2024 12:50 (#10919341 - in reply to #10919336)
Subject: RE: Brazil getting juicier


Brian Dripka - 10/8/2024 12:47

Yes, the problem is when the GBS crowd do not take protection on the bushels and just fill the bins. Selling grain isn’t a dirty word. In this high interest environment those dollars from sold bushels can pay you in a CD.


No argument from me. However lot of the GBS crowd isn't borrowing money and doesn't want to screw with a hedge account so this is their way of maintaining a long position in the market.
And the interest from the CD adds to their tax problem. Different strokes for different folks.

Take care

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