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Arable Farming
Cropping
Low N Malting Barley.
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<blockquote data-quote="Chae1" data-source="post: 7142934" data-attributes="member: 2681"><p>No chance. It nearly always is. It gives them a better average for buying it.</p><p></p><p>That's why many contracts are 50:50 spot and futures based.</p><p></p><p>Used to be 100% futures based.!</p><p></p><p>Many farmers dislike futures based contracts as they say there farmers and don't have time to follow futures prices and know when to lock them in! Personally I like them as I'm a saddo. You are in control of price you get.</p><p></p><p>In the future contracts will probably have to be based on a minimum spot price. No obligation to supply.</p></blockquote><p></p>
[QUOTE="Chae1, post: 7142934, member: 2681"] No chance. It nearly always is. It gives them a better average for buying it. That's why many contracts are 50:50 spot and futures based. Used to be 100% futures based.! Many farmers dislike futures based contracts as they say there farmers and don't have time to follow futures prices and know when to lock them in! Personally I like them as I'm a saddo. You are in control of price you get. In the future contracts will probably have to be based on a minimum spot price. No obligation to supply. [/QUOTE]
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Arable Farming
Cropping
Low N Malting Barley.
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