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Honored Advisor

Refusing to pay

$13 for beans here in South Podunk Country. Been an eroding basis this week.


Took three more cents today. $12.95

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10 Replies
Senior Contributor

Re: Refusing to pay

Lost .15 cents here this week also, and .20 the week before.
Guess the pipeline getting full again
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Senior Contributor

Re: Refusing to pay

This is where I deliver to. It's 40 miles away. Haven't watched old crop basis as I have none but we have gained on new crop basis this week.
http://www.farmersupply.com/index.cfm?show=11&mid=3&theLocation=3&cmid=all&layout=19
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Veteran Contributor

Re: Refusing to pay

What are your basis at your destination point?

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Frequent Contributor

Re: Refusing to pay

       Jed.   Enjoyed looking at your bid sheets.  I'm 700 miles upriver.Upper Mississippi closed here till middle of March.  Illinois river bids 45 cents lower on corn,43 cents lower on beans.  Anybody know if Illinois river staying open all winter.  Always does on normal year.

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Honored Advisor

Re: Refusing to pay

 

I got a goofy question about the Illinois river.......

 

The Des Plaines and the Kankakee run together to form the Illinois ------ right?   

Then flow south into the Miss. around St L.  --- I think...

Is there any relation to Lake Michigan in that mix?  And how far up is freight navigable?

 

yea that is a group of goofy questions.

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Senior Contributor

Re: Refusing to pay

I know the Great Lakes water can be put down the Mississippi but I don't know about freight.
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Senior Contributor

Re: Refusing to pay

The interesting thing is we can book milo for more than corn for 2014. Did rough #'s two days ago and milo had double the net money per acre as corn. Used 110 bu/acre milo, 180 bu/acre corn. Here milo has half the input expense as corn.
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Senior Contributor

Re: Refusing to pay

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Frequent Contributor

Re: Refusing to pay

Good read about the river.Snooped around google maps.  Looks like there are barges all the way to lake Michigan. Calumet river and sanitary canal reach the lake.  Went on a boy scout outing and slept in a submarine in Manitowoc Wis.  During WWII They built subs there and floated them down lake,Illinois river,Mississippi river to the gulf where they were put into commission.