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Veteran Advisor

Basis here to stay

Well I talked to the local elevator this week. Asked
What they did for contacting and etc. He said about
Only thing you can do is sell and buy a call.
Asked about basis...he laughed, he said it will not change, since the industry changed.

So there you have it boys and girls

Things are not going to get better.

Asked, were they ever going to put up real storage...

He said no, why should we ???

Nothing's wrong with what were doing

Why yes doc doubled my blood pressure medication...how did you know ?
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2 Replies
Veteran Advisor

Re: Basis here to stay

suggest you get additional opinions

 

sounds like that guy knows which of your buttons to push

 

wheat market did not get in this condition overnight, and won't get out of it overnight unless there is a dramatic reduction in production due to weather

 

will there be much failed wheat acreage this year??

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Veteran Advisor

Re: Basis here to stay

Are we getting to the point where we have to lock in the price before the crop is planted or forget about it?  Selling after harvest is beginning to look like a losers game because we have production from around the world in all times of year. 

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