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Honored Advisor

Soybean basis level

How about this?  My local co-op has been at a +.03  since the beginning of the year.  Tonight, they raised their basis to a +.08.    Most of the soybeans they took in last fall went directly to a processor and they used most of their storage for corn. 

An increase in basis on top of the rallying market.   Life is good...........for those that have a few beans to sell.  

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Advisor

Re: Soybean basis level

Yup
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