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roarintiger1
Honored Advisor

What???? The basis is improving?

Local ethanol plant improved their basis by three cents......and the local Co-op improved their soybean basis by a nickel. Heading towards the end of October and the bulk of harvest. This....is unprecedented.

The complacency of the CBOT is astounding.

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14 Replies
Hobbyfarmer
Honored Advisor

Re: What???? The basis is improving?

Not having that problem here.

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roarintiger1
Honored Advisor

Re: What???? The basis is improving?

Hobby, will there be any corn piles in your neck of the woods this year?

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Hobbyfarmer
Honored Advisor

Re: What???? The basis is improving?

Yes

Gavilon Creston

Has one bean bunker over half full

Two 110 unit train capacity.

Most beans still in  field.

Lots of good corn from me north.

Iowa is only marginally below a bumper crop

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roarintiger1
Honored Advisor

Re: What???? The basis is improving?

That’s good to hear for you folks out there.  If you all run out of space, there some empty bins in Ohio. 😞

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wrightcattle
Veteran Advisor

Why not


@roarintiger1 wrote:

That’s good to hear for you folks out there.  If you all run out of space, there some empty bins in Ohio. 😞


Say a $1.50 basis on the supposed $4 paper corn?

Heck,  that still puts physical corn at $5.50 Cash Cost / Cash Price. 

$5.50 is pretty Fair for all.

All things considered. 

Hobbyfarmer
Honored Advisor

Re: What???? The basis is improving?

Whoa.

I am part of the less than bumper crop crowd.

I only got slightly half of my acreage planted to corn.

Then lost 60% of that to wetness and flood.

Replanted that the middle of June to beans on an uninsured basis to retain the full corn payment.

The beans were very green when froze dead the other day.

Verdict is still out on whether they will be harvestable, let alone saleable.

More net in all the insurance and various gov't handouts. The beans are the make or break between a fair year and a good year.

The raising of the PP to 75% is quite a gift.

The handouts are increased if you are in a declared disaster county any time so far this year.

I am.

Blacksandfarmer
Veteran Advisor

Re: What???? The basis is improving?

The nearest ethanol plant to me is Albion, Michigan. They have a plus .40 basis until October 22nd, then it comes down to plus .25.
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k-289
Senior Advisor

Re: What???? The basis is improving?

Quid  Pro  Quo   seems   to   be   on   every  corner  we   come  to  -  ?  

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freedom1493
Veteran Advisor

Re: What???? The basis is improving?

hannibal lecter silence of the lambs | QUID PRO QUO YES OR NO, CLARICE | image tagged in hannibal lecter silence of the lambs | made w/ Imgflip meme maker

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