| Maizeing - 7/23/2014 17:31
I see a processor went to a 200 X bid today from 100 Q........... Sounds pretty good........until you look at the 124 spread. A pretty typical move for them. Kinda looks like the basis is following the spreads. Now look at the new crop bid ...........No where near 200 .......... 24 is just the start of the cliff.
This is a local coop, highest basis on the bean bid I've seen lately!
Edited by Herkster5 7/24/2014 12:32
 (basis.png)
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 basis.png (39KB - 22 downloads)
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Bean Basis
