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mspencerfarms
Contributor

new crop bean basis

Our basis on New crop beans has been .75 under for several months.  Just wondering what it is in different areas?  I can't seem to get excited about pricing on a sell contract with this kind of basis and our locals won't do a HTA unless we do 5,000 bu. 

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3 Replies
jkaahend
Contributor

Re: new crop bean basis

-.30 to -.35 in the WC IN area, about normal for the season. Lots of beans will be cut early here, looking for some quick ship bids.

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dapper7
Senior Contributor

Re: new crop bean basis

about .60 to .70 under. nw iowa d7

 

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mll43
Senior Reader

Re: new crop bean basis

.42 under Nov. at Bunge in CB, IA.  with a quote of 9.42 a few minutes ago

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