If I needed to move a few bushels of corn in July. I could get + $1.32 basis for July delivery on September futures. Would it be wise to lock in a basis only contract and wait for the July futures to close?
Re: Old crop.
be patient, cover necessary overhead, naturally -- maybe the move has yet to begin.
not pointing you out here WCWISC. but it amazes me how microscopic most view these markets...........how do things look scaling out 5 years, 10, 40, 100, etc. perspective is an interesting concept.