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illfarmr
Posted 5/4/2015 22:20 (#4552177 - in reply to #4551836)
Subject: To get on my high horse, again. Those tin cans, at


Central Illinois
least here in central Illinois, can make you as much money as raising the crop. That statement comes with a big caveat. They are NOT for filling and waiting. If you are flat pricing your corn, you could be (here) giving up 20-50 cents. Setting basis and selling futures are two distinct and totally separate decisions almost all the time. And just because you have the bin space, doesn't mean you HAVE to use it.

Basis is fairly predictable here. Fall can be twenty five to fifty cents. December delivery and on can be even to a couple cents above option. However, there has been a few times when the premiums for early corn (late August or early September) has been enough to justify drying corn and moving, even if it means leaving bin space unused.

Lastly, and it may take a little luck on your part for location, but if you can get on natural gas or contract LP at a good price, you could dry grain for half the cost of a commercial elevator.
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