Is anyone locking in the corn basis today?
It seems tempting to lock in the corn basis today. Our elevator is offering $1.22 over Chicago. If the chicage price catches up with that somewhat this would be a real winner. What are your thoughts?
Re: Is anyone locking in the corn basis today?
I took a basis contract a month ago on the last of it --delivery in July ---- so I am out of the game . But lets face it ------ it is a good price. Is it profitable for you on your 2013 expenses?? If so it is a good basis and price.
Question is--------------- Does a basis contract in hand make you gamble more on price moves? The hope phase that some refer to.