I think it means that they want corn now. There is plenty of corn in bins around me but there are not many guys selling so they need corn now. To me it might be bullish for the markets right now but I don't think it means much for the whole year. At some point the bins will need to be emptied and there could be a terrible basis for awhile when they are getting too much corn. We have been offered free storage too but I am not about to haul it into one place and be committed that we have to sell it to them without an option to look for the best market at the time we want to sell it. |