Red this might help you out some - Being that I'm not far from the Ohio - at this time - there's no need to ship beans or corn to my part of the world - Beans first - We have the second biggest Bunge bean plant 2 miles from me -- I took them my last 5 about a week ago - they told me they -- just about have enough beans bought to run till fall -- but theres a catch here -- all these big plants - do there heavy maintenance around this time of the year - that make good since - low on beans and then save a ton from biding them up to keep running - this plant -- can crush up to 200,000 bu. a day - for fun - one time I figured my total bean crop - then divided it out to see how long I could run the plant --- can't remember exact number - but was something like 15 or 20 minutes -- no BTO here , lol
So what they have is 1 months of beans to run them 2 months = new crop comeing in .
Corn about the same thing -- we don't have ethanol plants like you guys do out there or up there I should have said , look at Eddyville IA , They will probably do the same - work on or add to the plant - then see where there at on corn - Most of you may disagree with me here - but the guys I have talked to down south - has a outstanding corn crop - western TN = great 200 plus -- maybe same for GA And MS is right there too - So if you Iowa guys running late on new crop - then I would guess that new corn could be shipped from the southern state to Iowa -- I do know this for a fact that there is GA corn comeing to IN to keep them going here .
The southern boys - should be about 30 to 45 days out and then the trains will be heading this way .
This is why the basis is down in some areas - Even though we are very tight beans - I would look for a big drop in basis on beans - and corn .
My 2 cents worth
