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Honored Advisor

Yet again

basis moved, this time 3 more to +33. Here in South Podunk Country even with our supposedly 25% still left in the bins the bid is decoupling a little more every couple of days right now. Betya the bins are NOT 25% full.

 

We are supposedly short beans and long corn and the bean price goes down and the corn price goes up? ??

 

And I'm out of raspberry pie as of this afternoonSmiley Sad

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7 Replies
Senior Contributor

Re: Yet again

So is the basis going up on Raspberry pie also?Smiley Wink

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Honored Advisor

Re: Yet again

The wife says she'll look for some more tomorrow.

 

If she can't find enough we may have to dip into the reserve supply (in the freezer):smileywink:

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Honored Advisor

Re: Yet again

Wait, is she looking for raspberries or corn?       So that's where USDA found the 300 millions bushels of corn!

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Honored Advisor

Re: Yet again

Yep everything has to be somewhere...right?

 

Just like giving a speech saying hire more private sector jobs then saying "hire more teachers"

 

Kind of like the Pieper law of promotions "promote everyone to their level of incompetence"

 

I'm getting close on this web site myself.

 

 

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Veteran Contributor

Re: Yet again

Basis improved 5 cents in SCWi again this morning to +15. I'm thinking this is 40 cents better than past years. 39 days and no rain, residual herbicide not working real well. Where the crops emerged well, they look OK at sunrise yet.  2 good crops of hay in the barn, but 3rd crop is gonna struggle. 

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Honored Advisor

Re: Yet again

CBOT CORN   Futures Month Futures Price Futures Change Delivery Cash Price Basis  
Jul 12603'2
10'6
Jun/July 126.36 0.33 Chart
Sep 12522'6
7'6
Aug 125.63 0.40 Chart
Dec 12519'0
8'4
Oct/Nov 124.81 -0.38 Chart
Mar 13532'4
10'0
Jan 134.97 -0.36 Chart
Mar 13532'4
10'0
Mar 135.00 -0.33 Chart
CBOT SOYBEANS   Futures Month Futures Price Futures Change Delivery Cash Price Basis  
Jul 121415'0
6'6
Jun/July 1213.72 -0.43 Chart
Nov 121324'0
4'2
Aug 1212.74 -0.50 Chart
Nov 121324'0
4'2
Oct/Nov 1212.50 -0.74 Chart
Jan 131323'6
3'2
Jan 1312.54 -0.70 Chart
Mar 131298'6
3'0
Mar 1312.34 -0.65 Chart
   

ot sure how this will paste but with these kinds of #' there is No incentive to think past July 15th and one Black Swan event and the jigs up.  The one fly in the ointment is the drought thingy. 14 more days of dry in the east central corn belt and ....

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Highlighted
Honored Advisor

Re: Yet again

Just checked the overnight action and found ANOTHER +2 on corn basis this morning... +35 now

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