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Senior Advisor

Heads up on basis

If this heat does set in and simmer all summer

Basis court narrow along with a rising board.

Most of the guys holding grain have a lot of capacity. If their capacity says they can hold 1.5 crops and they have .7 or .8 of a crop coming that means they can hold .7 or .8 of a crop. And I'm guessing most have moved to that level or lower.

Thus a regional shake and bake might actually squeeze basis too. Especially beans.
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Re: Heads up on basis

    I hope you are right ,  M T ,    here in Redwood & Lyon countys ( In SW.Mn.) we  still have a few piles corn on the ground,  and a basis of  -65 to -75  on corn,   with  3  E-plants  within 25 mi..  Guys  are  still  3/4 to  1/2 full at home yet.,It will take a lot  change basis here. 


@Mizzou_Tiger wrote:
If this heat does set in and simmer all summer

Basis court narrow along with a rising board.

Most of the guys holding grain have a lot of capacity. If their capacity says they can hold 1.5 crops and they have .7 or .8 of a crop coming that means they can hold .7 or .8 of a crop. And I'm guessing most have moved to that level or lower.

Thus a regional shake and bake might actually squeeze basis too. Especially beans.
0 Kudos