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NCND | Note on the spring wheat exports from this week. My front running elevator had a worse basis this week for first time since January. The protein discounts have also gotten worse again. Place I unloded some 12 pro for -70 discount is now back to -120. Someone is not needing this stuff anymore. I feel pretty good about all that trucking I was doing as the basis and discounts were getting better and exports for spring wheat were doing good.
Someone somewhere is not to interested in wheat all of a sudden.
STFR to copy something from the zero hedge guys. That has paid handsomely all winter.
I'll be doing it in dec 16 now as we are about full carry. We get a july Pop on drought concerns I'll roll back and haul in the leftover old crop only if the discount schedule eases. I'm pissed at myself that I too put on the Jon Conlee roses colored glasses long enough to still have unpriced old crop. Grrrrrr!!!!!! | |
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