Bengal Stripes - 11/25/2014 14:46
Basis has been edging higher at the river for a week or so now. Pretty big jumps the last few days in both corn and beans. Combination of demand at the Gulf and barge freight. Interior followed right along on corn basis. I have said all along anyone who thinks c/outs are going to be 450 mbu for beans and 2.1 bbu for corn isn't paying attention.
Yea but most of the beans will be given away compared to past years. Demand will not be let on until the end just like this year. Corn acres still have have some reductions and all likelihood a 2B carryout is far away in the end. |