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Check Your Local Basis

I just checked the basis at my local co-op today..and was pretty impressed. The local Poet plant (Fostoria, OH) is even better at 9 over. The local Poet plant was only allowing half a day for delivery not 30 days ago....because they had plenty of corn on hand. The deferred months are even better. March is at 18 over..and May and July are 17 over. Are they afraid they won't be able to find corn in July through August?

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3 Replies
Senior Advisor

you mean like this..........


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Re: you mean like this..........

Wow that ought to be telling us something.... in twenty years now is the only time with a positive basis.

          ****must mean demand has tanked and bins running over******

thanks MT I think a graph of my local bids would look similar

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Honored Advisor

Re: you mean like this..........

Local ethanol plant went to +.18 yesterday.......having issues with vomitoxin in this area.

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