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Honored Advisor

much better now

Rail freight rates have improved immensely lately.

 

First of October this fall there was a $7000 a car premium on top of the normal freight charges, now this week it is all gone.

 

The premiums that is. Seems to me if it was worth $1.60ish more to get the grain moved a month and a half ago there was a real empty pipeline and a shortage of not only grain but rail capacity. Now if we could just capture that $1.60 in the cash market life would be better.

 

Maybe Buffett just generated enough money on that premium to fund his purchase of Duracell ?

 

Just checked some E plants just an hr truck ride north of here and all I can say is wow. Must not have the piles in central Iowa we have down in here South Podunk Country Iowa

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Highlighted
Honored Advisor

Re: much better now

This afternoon's closing bids

 

 

  CBOT CORN  AFTON
Futures PriceFutures ChangeFutures MonthDeliveryCash PriceBasis 
373'2s
10'0
Dec 14 Nov 2014 3.18 -0.55 Chart
386'2s
10'2
Mar 15 Jan 2015 3.46 -0.40 Chart
386'2s
10'2
Mar 15 Mar 2015 3.46 -0.40 Chart
402'2s
10'0
Jul 15 July 2015 3.57 -0.45 Chart
416'2s
9'2
Dec 15 Oct 2015 3.59 -0.57

 

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Highlighted
Senior Advisor

Re: much better now

Soybeans
Quote Basis
Jan 2015
10.2050 0.0000
Soybean Meal
Quote Basis
November
430.80 60.00
December
430.80 60.00
Cash Bids Subject to Change

More Cash Bid Info

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Highlighted
Senior Advisor

Re: much better now

Forgot to post where the price come from - Bunge - Morristown

 

Corn Prices are from Morristown Grain

 

  • Cash Bids

 

Corn
Quote Basis
November
3.3325 -0.4000
Dec 2014
3.4825 -0.2500
JAN 15
3.6425 -0.2200
Feb 2015
3.6625 -0.2000
March 2015
3.6825 -0.1800
Cash Bids Subject to Change
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Highlighted
Honored Advisor

Re: much better now

Gavilon grain, Creston, Ia

 

Beans...

 

9.71 cash and Jan

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Highlighted
Advisor

Re: much better now

Are your yields way above your average or are the earlier freight rates a big part of the reason you have so many piles?

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Highlighted
Honored Advisor

Re: much better now

This is an outlander year in yields and acres planted. Mostly fantastic yields.

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Highlighted
Honored Advisor

Re: much better now

Wow hobby those prices are bad -------

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Highlighted
Senior Contributor

Re: much better now

Corn up .10 and basis narrowed by another .02 -.39 locally pretty nice corn exports in the face of all the soya moving.

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Highlighted
Senior Contributor

Re: much better now

North Cent. Wi.     Northside Elevator    Local private operation

 

 Corn Nov. cash  $3.52   basis  -.22   Most corn headed toward drier still in the field..

 

 John

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