balances remaining on these contracts were
$1,678,000 and $9,186,000 as of March 31
5,000 Bushel Contract @ $1,800.00
$1,678,000 + $9,186,000 = $10,864,000
$10,864,000/$1,800.00 (5000 Bushel Contracts)
= 6,035 Contracts
Thats If Its All Corn
They May Be Holding Natural Gas Contracts,Which Have Gone Up by 1/3 Since then.
& Some Were Probably Un Paid Ethanol Contracts
(6,035 Contracts x 5000 Bushels Potentially)
= (30,175,000 Bushels)
The Price per Bushel On March 31,2012 Was =http://barchart.com/chart.php?sym=ZCU12&...
Guess What It Is Now ?
$8 per Bushel
Rating :