03-28-2013 02:27 PM
Guys, where is the basis at the country elevator/ethanol plant now that we got this half hearted report?
Has the cash price and the basis lost convergence yet, to reflect the reality of the situation, or are end users to follow the USDA's report?
Looking at the local forecast for next 14 days: corn planter is frozen in the ground for next 7, if it warms up, its straight rain. No!-- its precip for 10/14 days... and mostly during the upcoming "heat" we shall call it..
Winter should last into April here, for me in Ontario.
03-28-2013 02:45 PM
There won't be much movement of corn at all now.......until the basis moves up again. On the bright side, the lines won't be long at the elevator.