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Advisor

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

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11 Replies
Honored Advisor

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

Yes. I priced some may delivery we had on a basis contract.
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Honored Advisor

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.
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Honored Advisor

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

Not without a rally.

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Veteran Advisor

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

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..

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Senior Contributor

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

rsw: Where did you sell at?

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Highlighted
Contributor

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

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Senior Contributor

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

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RC,SD
Senior Reader

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

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