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Cash Transactions - Commodity Challenge Tuesday Tip

CC Ticker
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454 views 11 years ago
A cash transaction is simply a cash sale of grain you own which is taken out of storage. For example: If you take today's spot price for soybeans and you're selling them for ten dollars a bushel and you've got 10,000 bushels of soybeans. You are going to price and deliver that to your local elevator and that elevator is going to write you a check for $100,000. $10/bushel * 10,000 bushels = $100,000 --- Join today at http://www.CommodityChallenge.com Like us on   / ccticker   Follow us on   / ccticker   ...more
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Cash Transactions - Commodity Challenge Tuesday Tip
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454Views
2013Apr 29
A cash transaction is simply a cash sale of grain you own which is taken out of storage. For example: If you take today's spot price for soybeans and you're selling them for ten dollars a bushel and you've got 10,000 bushels of soybeans. You are going to price and deliver that to your local elevator and that elevator is going to write you a check for $100,000. $10/bushel * 10,000 bushels = $100,000 --- Join today at http://www.CommodityChallenge.com Like us on   / ccticker   Follow us on   / ccticker  

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CC Ticker

207 subscribers