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Local Milo Basis
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Milo2.0
Posted 10/23/2014 23:01 (#4142383)
Subject: Local Milo Basis


My neighbors and I had a marketing meeting the other night and and we're told about excellent demand for sorghum by the Chinese and Mexico and then here about it from the Sorghum Industry also. They say they have done such a great job for us and the basis is over $2.00 a bushel for delivery now, yet the largest commercials and even the local owned elevator who handles my grain here in the Texas panhandle act like they struggle to bid .35 to .45 under December! Something just isn't right about this scenario is it; Or is it just me having a bad moment because of low prices?
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