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Basis cliff is still getting steeper
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Buck S
Posted 9/15/2014 12:40 (#4075671 - in reply to #4075617)
Subject: RE: Basis cliff is still getting steeper



McLeod County, MN
RayJenkins - 9/15/2014 11:10

On September 15, that is a pretty true statement

but was not valid for September 1, the date on which carryout stocks are calculated



Ray, how many plants simply shut down or went into maintenance or where grinding at half capacity?? I know CHS Mankato is the big player here, and they are finding it very difficult. Sure there was some beans left Sept 1, but no way it was what they said. I think on future reports we will see another revision downward of the 2013 carry in.
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