Floor Talk February 15

[bkadds]

Cx1. What do you see really going on? I am impressed that gains held going into a long weekend. Normally there is a sell off to take some risk off the table.

[Hobbyfarmer]

BK; I thing the last week and a half we had that "sell off" .

What is basis doing down your way? We are @ +25 on corn here.

[bkadds]

I am no sure what it right now, but has been really good. Last time I checked was January and it was .80 plus.

[c-x-1]

sorry, i don't usually stutter

bkadds, is that + 80 cents for beans, not corn, correct?

DITTO what hobby said re: selloff.

..............Picture a big rubber band that's theoretically Unbreakable-- wrapped around Cash and prompt Futures ----it can only be stretched so far, utimately, Cash really is King!

from physical, SA crop not gettin' any larger....see Argentina thread/maps. thanks

[Hobbyfarmer]

cx1: CORN

[c-x-1]

R U Bleepin kidding?............ +80 CORN physical???

WOW

[SouthWestOhio]

+37 here in Dayton

[bkadds]

Yeup that is corn.

[c-x-1]

bkadds,

do you remember the last time (mktg yr)  your basis was +80 or better?

thx,

c-x-1

[bkadds]

Never to my knowledge, thus I hold onto the grain! Kinda explains why there is so much corn grown here and why our water table is falling. Peak corn in the TX Panhandle is here.