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Roseglen, North Dakota | The common scenario by the elevators:
Futures up 15, basis -10, you gain .05 instead of .15
Futures down 10, basis remains the same, you lose .10
On the positive side, pretty respectable carry in the market. And 2019 NC wheat is .60 higher than cash. It's the elevators "harvest" now also and if you have to haul to them now, they are taking full advantage of the scenario. Because they can. Good business on their part | |
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Spring wheat basis
