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Honored Advisor
Posts: 15,051
Registered: ‎05-13-2010
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Re: Basis map (corn)

LMAO Smiley Very Happy   Thanks Ken. 

Veteran Advisor
Posts: 2,892
Registered: ‎02-11-2013

Re: Basis map (corn)

now lets see, if i can barrow BA's oliver 2155, it says in 5H it can go about 19.5 miles/hour, and uses 9.5 gal/hour under

full drawbar power.....so......going to portland

 

about 85 hours

765 gallons diesel....

 

so, diesel around here is about 2.10.....so $3212.00 fuel (there and back)

stopping for sleep about every 16 hours....there and back  11 nights lodging   $660  (motel 6)

food (loaf of bread, pound of lunch meat, tator chips, 3 cans wal-mart brand dr  pepper per day) $4.85 per day...$58.20

 

$3930.20

 

with 2, 400 bu grain carts.....that's $4.91 per bu......

 

oh.....forgot to figure in, since BA was nice enough to let us barrow the tractor, we'll stop at Firth, Neb, and get him a new set of

tires.

Veteran Advisor
Posts: 2,892
Registered: ‎02-11-2013
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Re: Basis map (corn)

part of the problem on the basis, i feel, could be lack of "convergence" of the board price and actual commodity price

 

www.agmanager.info/non-convergence-hard-red-winter-hrw-wheat-futures-0

Honored Advisor
Posts: 15,051
Registered: ‎05-13-2010
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Re: Basis map (corn)

Smiley Very Happy I really doubt my Oliver would make it over the Tetons. 

 

But here`s some current bids coop is a penny or two below Christensen feedmill...whoo-hoo!

 

Corn Bids

Honored Advisor
Posts: 15,051
Registered: ‎05-13-2010
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Re: Basis map (corn)

Here`s Glenville Poet, the stripper bar ain`t even open  Smiley Happy

 

    

 Location: Printer Friendly Version of Cash Bids
loading...
 
Locations:
Commodities:
Delivery End Date:
Duration:
 
 
 
#2 YELLOW CORN
 
#2 YELLOW CORN
USDA has adjusted the calculations of LDP data.
Click here for more information.
Delivery Cash Price Futures Price Futures Month Basis Futures Change
History FEB
3.30  02/03/2017 1:19:00 PM CST
365'2s
@C7H -0.35
 -2'2
History MAR
3.32  02/03/2017 1:19:00 PM CST
372'6s
@C7K -0.40
 -2'2
History APR/MAY
3.32  02/03/2017 1:19:00 PM CST
372'6s
@C7K -0.40
 -2'2
History JUNE
3.32  02/03/2017 1:19:00 PM CST
379'6s
@C7N -0.47
 -2'2
History JULY
3.32  02/03/2017 1:19:00 PM CST
379'6s
@C7N -0.47
 -2'2
History NEW CROP 17
3.34  02/03/2017 1:19:00 PM CST
392'6s
Honored Advisor
Posts: 15,051
Registered: ‎05-13-2010
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Re: Basis map (corn)

Here`s Muscatine...a little better

 

Cash Bids
River Gulf Grain Bids for Friday Feb 3

Monday, Feb 6

River/Gulf                         6:30-3pm corn and beans
Nestle Purina                    6-2pm
ADM - Clinton                   5-3pm
ADM - Cedar Rapids        5-3pm
GPC - Musc                      5-8pm by appointment only
Cargill - CR beans            7-5pm

 
Dump hours regularly change.  Call before you haul!

Futures will update bids automatically during trading hours beginning at 7pm. Basis last updated at 3:34pm on Feb 3. Basis can and will change multiple times throughout the day. Please call for accurate bids.


For bids at other locations select "corn"or "beans" below.
All spot loads are priced at the close of trade on the date of delivery.

 
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Delivery End Date:
Duration:
 
 
     
Printable Page Printer Friendly Version of Cash Bids

  CBOT CORN   RIVER/GULF
Delivery Basis Cash Price  
Feb -0.12 3.53 Chart
BC March -0.07 3.58 Chart
April -0.11 3.62 Chart
May -0.10 3.63 Chart
June -0.14 3.66 Chart
July -0.14 3.66 Chart
Oct -0.35 3.58 Chart
FH Nov -0.30 3.63 Chart
LH Nov -0.23 3.70 Chart
Dec 1-5 -0.19 3.74 Chart
  CBOT SOYBEANS   RIVER/GULF
Delivery Basis Cash Price  
Feb -0.35 9.92 Chart
BC March -0.27 10.00 Chart
April -0.33 10.04 Chart
May -0.28 10.09 Chart
June -0.23 10.23 Chart
July -0.22 10.24 Chart
Oct -0.33 9.77 Chart
FH Nov -0.24 9.86 Chart
LH Nov -0.16 9.94 Chart
Dec 1-5 -0.16 9.99 Chart
 
 
 - Mouse over for last update
 
 
 
 
Month Symbols
 
 
Honored Advisor
Posts: 5,301
Registered: ‎01-10-2012
0

Re: Basis map (corn)

In our area Bunge west seems to set the mark the herd stays under in the bean market.

 

They keep short dating "free deferred pricing" trying to get possession two weeks at a time trying the ol sucker punch method.

 

Increasing the negative basis as a fear factor. 

 

Is $9.67 enough with a -67 basis to give away title?

 

Ray J would probably concur that a slow down of sales and or deliveries

 

Creating a less than comfortable few day supply can do amazing things to basis bids to keep the plant running and contracts fulfilled.

 

What is the rush to shoot your own toes off?

 

Must be a tremendous amount moving, yield must have been as big as advertised. 

 

Local Gavilon train loader has been full till the train came this weekend.

 

Veteran Advisor
Posts: 905
Registered: ‎05-13-2010

Re: Basis map (corn)

One of the respected  guys I follow believes that farmers have sold 70-75% of the old crop beans and 50-55% of the old crop corn....

 

he thinks that means the bean rallies may have more substance to them since the amount of beans that can be sourced is shrinking over time........still have a ways to go to get the corn market in similar shape....

 

I think this Thursday's WASDE report is important......if the excellent export pace translates into smaller carryouts in the US, maybe we can get through Februrary without the usual big crop meltdown.....and that, in turn, would help crerate better crop insurance levels..

 

if looking for some good news, it may come in the fact that Trump is pressuring the countries which have big trade surpluses with us to shrink those by buying more US product....ie; food and grain could be at the top of those lists

 

in the current situation, it truly is one day at a time since so many things can, and are likely, to change going forward

 

Ray J