alright what's the deal with soya in the overnight....

[Mizzou_Tiger]

Seems like they sell em off only to bring em back by the pit open.......what's the dill pickle.....

[Hobbyfarmer]

That's not the half of it....the basis errosion is horrific. 50 to 65 cents the last week or so. Not too good on the corn side either.

[COrnguy]

Been watching the same action in the soys. 30-40 cent ranges during a 24 hour period, very often. I'm bullish as all get out, and convinced this rally isn't over yet, with a minimm of $2+ left in it.  Seems like we would get a blow-off top for 2-3 days, but maybe it'll take the Sept. report to make it happen? Rallying into the report is a good possibility, then selling the fact. 3 day holidays have a reputation for being turning points in these markets. Interesting times!

[colorofmoney]

Strange to hear everyone's basis eroding.  It has been getting stronger here for new crop..  Corn from -35  to -30  beans -60 to -50 in the last 10 days or so.

[trucksix]

colorofmoney, what is your location?