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Buxton ND | Here's a tweet from a trusted source on April 16th
"SK/SN a year was 36-cts headed to $1.10.. SK14/SN14 is 12-cts acting like it's headed to even $ ... but beans are real tight.. really"
This part here,,,,, "SK/SN a year was 36-cts headed to $1.10.." year ago beans were really tight,strong basis,which only got stronger as end users begged to buy beans........ Now this year,,,,,,spreads are like the end users are pretty much telling us keep your beans,we dont need them,EVEN with the last crush numbers.......................
Times like this WEEKLY import numbers would be VERY HELPFUL.............................
Pulled up the BDIX, ocean freight rates are less then half of what they were in December. | |
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Spreads 101
