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07-18-2013 11:50 AM
They put 4 cents on it yesterday
They just added the rest of the dime a little while ago.
$1.70 positive corn basis 9 miles away.
Ray J isn't sharing well evidently.
Corn in this area is just tassleing and starting the silking, 97 degrees forecasted for this afternoon.
Do excessive Heat units make grain too?
07-18-2013 12:01 PM
Wonder what it costs to haul a tonne down to you.
Local basis is +80 and that is Can$ think if you convert to US$ it lowers it a little more.
Did i mention there is no shortage of corn in Ontario.
Have been exporting all year.
07-18-2013 12:48 PM
Hobby, it's not me causing your local a headache.......it's the ethanol boys at Menlo bidding +180U
I don't think we have purchased corn south of 92 and west of 65 for months and months....
guess they cannot buy it fast enough from Creston to put out their fire, eh??
07-18-2013 01:20 PM
Somebody higher up the food chain than Dean has been selling train loads to someone else.
This is only the middle of July. I think there may be some left over fireworks from the fourth to go off later.
There is still corn out here but I think it is going to take $7.50 and maybe an $8 offer to sweep the bins.
Or a widespread rain soon.
07-18-2013 08:17 PM
07-18-2013 10:20 PM
Is that positive basis by the bushel or the ton? If you have an abundance of corn why is the basis positive? Doesn't seem to make sense to me.
For 56 lbs.
BTW it rose today to +85-90 and that would be $0.82-.85 US at todays exchange rate.
Still a $ less than basis in US and that would be around $40 cheaper per tonne.
Should be able to truck it out for that and make a profit so those who are short in the US only have to put an order into Ontario.