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#292 | Phil Luce; Commodities, Basis Trading, Grain Elevators

The Vance Crowe Podcast

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Service for an Elevator - I Need 16 Checks

speed and space are the baseline that's right if I can get you in and out that's worth something. If you have to wait, then I can bid less than the other guy if you don't have to wait with me That's obvious. A few other things are how fast do you pay. You know there are some big companies that pay every two weeks or something. Some people are happy to split this ticket 16 ways because my aunt owned some of this farm and we got an LLC with my brother. So I'm selling you a thousand bushels of corn but I need 16 checks. Well, some people are very happy to do that because that's the jet worth service business

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