Allen, M., " How far can you drive on a bushel of corn? Crunching the numbers on alternative fuels ", Popular Mechanics, May 2006, pp. 74-81.M. Allen: How far can you drive on a bushel...
When you buy an ear of corn or a bag of wheat flour at a supermarket, you probably don't pay much attention to where they were grown or milled. That's because both corn and flour are commodities. Commodities trading is the buying and selling of these interchangeable materials in bulk. O...
Well, usually what I do is I look for plant deficiencies. Corn is very easy. Corn and sorghum, you can look for a lot of deficiencies on the plant. For example, let's talk about calcium and boron. Boron is used to get calcium into the plant. So you really go...
Regardless of what you do, there's a lot of good, there's a lot more good than there is bad, and it's sometimes just how we're wired. You can have a million people be like, "You are so amazing," and one person tell you suck. Why do we put so much emphasis...
Pay a “premium” wherever you buy a commodity option. Let's say you purchase a “call” option on 100 bushels of corn, and the premium is $2 per bushel. You will pay $200 for the right to exercise your option until it expires. That is your only cost to purchase the option, excep...
One little trick regarding using the caulking. If you mix a little cornflour into it, it will go off in the mould much quicker. With a larger or well seaed mould, the caulking could take weeks or never go off in the centre. The cornflour doesn't affect durability but it does carry...
Pay a “premium” wherever you buy a commodity option. Let's say you purchase a “call” option on 100 bushels of corn, and the premium is $2 per bushel. You will pay $200 for the right to exercise your option until it expires. That is your only cost to purchase the option, excep...
Using 2.5 gallons per bushel for the ethanol and the record corn crop of 136 bushels per acre we find that an acre produces 340 gallons. The US uses 146 billion gallons per year of gasoline today, but because ethanol has only 70% of the energy content of gasoline we would require 1.4 ...
is low . . . . In this case, Goldman and the other banks had introduced this completely unnatural and artificial demand to buy wheat, and that then set the price up. . . . [H]ard red wheat generally trades between $3 and $6 per sixty-pound bushel. It went up to $12, then $...
Moving ahead to the late spring, the price of wheat has fallen to $500 per bushel, which would have been a loss of $100 x 5,000 = $500,000 for the farmer. However, at harvest, the farmer also buys back (or lets expire) the short futures position, which is a gain of $100 x ...