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Hobbyfarmer
Honored Advisor

The divorce

Is getting more pronounced by the week.

 

The Bunge West bean bid went to PLUS $1.05

Our local corn bid gained another 2 cents to +62

It is May 3rd and it is snowing out side.

In 3 more hrs it will have snowed for 24 hrs straight.

 

The enviromental whacko's that don't want a little warming

need to be the first to starve.

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5 Replies
Buckley_HF
Senior Contributor

Re: The divorce

Good morning hobby. Are you referring to the divorce between the cash market and Lasalle street or between the environmental wackos and reality?!?! Haha. Anyway. Basis is STRONG. We are having serious planting issues. Ethanol grind good. We should be higher but aren't. Is it because the funds got torched so bad by the last USDA report? I hope the govt nerds haven't backed themselves into a corner where we can now not even effectively ration our grain because the market is broken. Hope rain stays away from us today. Have a good and safe one.
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Hobbyfarmer
Honored Advisor

Re: The divorce

The casino on LaSalle street is just another Chitown mess

 

Grain IS being rationed or there would NOT be a + basis.

 

As to the global warming disaster (read this as "money grab scam" )

 

It is May 3rd I am in Southern IOWA USA and it is SNOWING for 22 hrs straight now. 32 degrees F

 

That is NOT global warming. Where are the whacko's when you need them? They like to strip naked for all their causes...lets get them out here in South Podunk country right now.

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farm-n-hawk
Veteran Contributor

Re: The divorce

Ah geez Hobby it's not called global warming anymore.

 It's "CLIMATE CHANGE". The new political correct version.

This way they have all their bases covered no matter what the weather does.

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Red Steele
Veteran Advisor

Re: The divorce

I am curious....can you buy chicago corn at the board price and take delivery? What is the corn bid in Chicago, when we are looking at positive basis all over...is there a spot where th physical and the board converge? If not, maybe the Chicago price discovery tool is out of whack.

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idalivered
Advisor

Re: The divorce

hobby, hawk beat me to it. It's like we live in an alternate universe. It's absolutely white out here. it's may 5th! One coop location that I know of has current deliveries of 750,000 on the books for next 2 months. Daily position shows 400,000 that the coop has available. the rest has to come from somewhere? I'm contemplating what it will take to pry  away my remaining from my little hands. 

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