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Honored Advisor

Re: Floor Talk June 15

$ 1.05 for july delivery.  Optima, Oklahoma.

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Frequent Contributor

Re: Floor Talk June 15

Check these:

 

http://poet.com/plants

 

One in Ohio is $1.31 over August, Mike do we get a Booby prize for best or worse report?

 

 

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Veteran Advisor

Re: Floor Talk June 15

jweiser1925,

 

I'm sure there is some swag laying around the shop that we can send you!  Smiley Happy

 

Mike

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Veteran Advisor

Re: Floor Talk June 15

In 1996 corn in that part of the world traded at +175-200 over  September futures

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Veteran Contributor

Re: Floor Talk June 15

Mike,

Marion, Ohio Poet is $1.25 over Sept. futures for June/July delivery.

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Veteran Advisor

Re: Floor Talk June 15

sw363535,

 

How much higher is this vs. normal? Just curious how unusual this basis is, compared to previous years.

 

Mike

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Veteran Advisor

Re: Floor Talk June 15

Around here, spot price for June, is normally 15-25 cents under Chicago, as of right now, Cargill is at +40, with at least one local feed mill, paying +55.

So, compared to 'normal', I'd say the basis is 60 cents more to the positive side, than average.

 

New crop basis is 4 cents under Chicago for harvest deliver, as of right now.  'Normal' is 35-45 under.

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Contributor

Re: Floor Talk June 15

We're paying .38 over CN in East Central Illinois.  Competition is anywhere from .28 to .40 over CN ADM Decatur is paying .60 as of last night.  That gets pretty close to the high basis prices vs the sept

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Senior Advisor

Re: Floor Talk June 15

ADM in Cedar Rapids is bidding $6.50 June and $6.63 1st half Aug.  I'd say 13 cents for6 weeks is decent carry.  I sold them a load for Aug.

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Senior Advisor

Re: Floor Talk June 15

Gold eagle coop 21 cents over the july and they have an ethanol plant to keep supplied.

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