Posted by: cffm | May 1, 2013

Commodity Challenge Tuesday Tip: Cash Transactions

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 http://Facebook.com/CCticker
Follow us on http://Twitter.com/CCticker


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: