How Far Below The Board ...

[Tony_Dreibus]

We've been hearing that prices are way under the board. What kind of basis are you seeing, and what kind of cash are they offering? If it's well below the board, are you holding onto supplies right now or are you selling on spikes, if there are any spikes? 

How bad is it out there?

[BA Deere]

Local Gavilon is -36¢ on corn and -75¢ on beans.  They let us keep a pretty good chunk of the recent gains in beans, maybe widened it a dime or 15¢ during the rally.

http://www.gavilon.com/location/gavilon-grain-joice  

[Trying2Farm]

Locally here in North East Indiana we are -.05 May corn and -.25 fall corn  & -.27 May beans and -.32 fall beans.We have not been able to get into the fields for 10 days now and raining agin today.

[Tony_Dreibus]

You guys hanging onto your crops, then? Or letting them go in small increments? 

[westernia80]

Heartland COOP, Mondamin Iowa  -.42 corn  -.90 Beans

[Trying2Farm]

Letting them go in small increments. We are growing some of the Plenish beans also, they are paying +.40 in the fall for those.

[Tony_Dreibus]

Oh wow that's crazy. 

So what do you say when they tell you they'll give you 75c or 90c under futures???

[Trying2Farm]

If it were todays board prices, I would hold and hope they get better. With the weather this year so far, I am not inclined to think we will not raise what the USDA is projecting. I may be wrong, but I think prices will be higher at some point before harvest.

[elcheapo]

Wheat. OC. 75 to 90 under
NC. 60 to 80 under

Milo. OC. 94 to 109 under
NC. 70 to 95 under

Corn. OC. 62 to 75 under
NC. 50 to 70 under

Soybeans. OC. 95 to 120 under
NC. 85 to 105 under

[elcheapo]

Explain....usually when basis is wide, we are told
The market doesn't want the product.

OK tell me why beans have been going up
And basis is wider....it was 85 now over a dollar
And beans went up, which should mean demand.

Or is the coop lining it's pockets with gold