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Re: I thought our basis was strong at 62 cents until I saw Indiana's

Local cash bid on corn -20 cash bid soybeans -10 basis.  Just pulled out of the elevator, not selling cash, I had delivery for previous contract.

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Honored Advisor

Re: I thought our basis was strong at 62 cents until I saw Indiana's

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bloomberg.com/amp/news/articles/202...
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300 Million Chickens at 'Edge of Death' on Hubei Lockdown - Bloomberg

 

Potential Demand destruction

All started because someone ate a snake or bat...

Black swans come in all disguise's

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Honored Advisor

Re: I thought our basis was strong at 62 cents until I saw Indiana's

This response was to earlier comments ----

There goes my chicken feet market???  Smiley Happy

-------------------------------

 

Hobby----- simple answers I got...... We hold out for basis because that seems to be the only segment of price discovery our proformance has any influence over. 

roarinvtiger1,   "History tells us that prices will get better in the spring months.   We shall see."   You gotta be nearly as old as Hobby to remember that history...... which used to be true....at one time you could expect to be paid for your storage and patience.... so the end user didn't have to store a six months supply.  Its called supplying a service.

Since federal oversight of futures markets stopped with cbots new "international" profit grab, and  the allowance of monopoly positions in the process by the elites "Fund Managers" and a limited number of international commodity brokers, history has not repeated itself (both of which went "viral" with technology.....   The last 4 to 5 years history has changed and It has hurt us on every turn to store grain and supply the end users we have had long relationships with.  It has spurred the most recent round of coop mergers to avoid financial failures and is has totally changed my viewpoint on marketing.  It seems to me that we are being punished for trying to bypass or compete with the monopoly position of the 6 or 7 major commodity corporations that control the US market from field to table.  

That might sound extreme, but I ask you for an alternative buyer for soybeans in Kansas.

A simple example of a monopoly position...... deliver one load of soybeans to the buyer and sell it on the spot market, now try to deliver 30 loads and see what happens to that spot market price.  The spot market is only there for advertising purposes.    etc etc etc.    History was built on competition and legal processes.  Today is very different. 

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Honored Advisor

Re: I thought our basis was strong at 62 cents until I saw Indiana's

Glad our spot markets are more liquid than yours.

Didnt have any issues with spotting loads earlier in the month at bean prossesser. Of course being a one man band most i got delivered was 2 loads a day .  called and sold them individually before leaving properly after outbound scale

Kind of disinterested at these prices again.

80's and 90"s rt was right. Fell apart in 2000's.  Total crap shoot now.

 

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Honored Advisor

Re: I thought our basis was strong at 62 cents until I saw Indiana's

Say what you want but I'm holding out for a spring rally...........The problem appears to be however, that with the lowering of market prices now, that spring rally may only get us back to where we are now.    The market place is truly complacent.  Everyone is making money off of the American farmer........except the American farmer.   

BTW, I think that I will hold off buying that bigger tractor for the time being.   

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Veteran Advisor

Say the Eastern


@roarintiger1 wrote:

Say what you want but I'm holding out for a spring rally...........The problem appears to be however, that with the lowering of market prices now, that spring rally may only get us back to where we are now.    The market place is truly complacent.  Everyone is making money off of the American farmer........except the American farmer.   

BTW, I think that I will hold off buying that bigger tractor for the time being.   


cornbelt... From Iowa on East floods out,  Again. 

The Western cornbelt from Iowa west Droughts out in 2020.

Iowa itself not very spectacular either due to the Extreme weather in 2020.

Heck there may not be much spare new crop corn to sell. 

We'll see. 

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