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Advisor
425Cat
Posts: 1,631
Registered: ‎05-14-2010
0

Anyone pulling the plug on corn and beans before Thurs

Just toying with making some sales before Thursday and then again maybe not. Too cold , too early

Esteemed Advisor
sw363535
Posts: 4,640
Registered: ‎07-18-2011
0

Re: Anyone pulling the plug on corn and beans before Thurs

Yes. I priced some may delivery we had on a basis contract.
sw
Esteemed Advisor
sw363535
Posts: 4,640
Registered: ‎07-18-2011
0

Re: Anyone pulling the plug on corn and beans before Thurs

Sorry hit the button early -----
Corn on a +75 basis contract.
Bird in hand.
sw
Veteran Advisor
roarintiger1
Posts: 1,588
Registered: ‎04-29-2011
0

Re: Anyone pulling the plug on corn and beans before Thurs

Not without a rally.

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Advisor
giolucas
Posts: 1,126
Registered: ‎06-25-2010

Does anyone want to make some money?

I'm going short on this report on Thursday, so I recommend you go long.  My rationale is that this report will bring us a big surprise.  Everyone is thinking record size.  I am going the obvious and bound to  get killed.

Senior Contributor
rswfarms
Posts: 1,377
Registered: ‎12-17-2012
0

Re: Anyone pulling the plug on corn and beans before Thurs/Yes, 15,000bu sold 5 minutes ago

Yes, I sold a very small amount of corn (15,000bu) 5 minutes ago for $7.60. Not the $8 I got months ago, but I feel $7.60 is a good sale. Believe my sale was a good business practice before the report..

Senior Contributor
Slim123
Posts: 202
Registered: ‎01-20-2012
0

Re: Anyone pulling the plug on corn and beans before Thurs/Yes, 15,000bu sold 5 minutes ago

rsw: Where did you sell at?

Contributor
BrookfieldTwp
Posts: 42
Registered: ‎05-25-2010
0

Re: Anyone pulling the plug on corn and beans before Thurs/Yes, 15,000bu sold 5 minutes ago

Corn is only $7.00 here in Michigan,basis is -.25

Senior Contributor
rswfarms
Posts: 1,377
Registered: ‎12-17-2012
0

Re: corn and beans before Thurs/Yes, 15,000bu sold 5 minutes ago/Ethanol basis level

To a local elevator, right now they have the best basis level, better than one of the local ethanol plants, which is very odd. Below is the basis level for 1 ethanol plant, they really, really, dropped the levels from just last week as you can see below. Only 20 cents over Chicago, believe last week it was 40 cents over Chicago for April.

 

 

CORN BIDS FOR 3/25/2013

 

DELIVERY MONTH

BASIS

FLAT

March, 2013

18 CK

7.44

April, 2013

20 CK

7.46

May, 2013

22 CK

7.48

June, 2013

36 CN

7.45

July, 2013

28 CN

 7.37

October, 2013

-32 CZ

5.33

Senior Reader
RC,SD
Posts: 5
Registered: ‎05-13-2010
0

Re: Anyone pulling the plug on corn and beans before Thurs/Yes, 15,000bu sold 5 minutes ago

7.01 here in northeast sd. -.28 basis