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because if I'm storing the grain,
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I'm not getting interest on the money that I paid for that grain;
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that's another loss to me.
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So, this is the break even for storing grain.
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If the futures price is enough above the spot price
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that it pays for my interest cost and my storage cost,
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I'm making money storing grain.
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If the futures price is below this,
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I'm not going to store grain; I'll unload my warehouse.
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Why should I store grain for another minute?
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If I'm a professional warehouse offer
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and I see that I can make more money by selling my grain today,