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Drought in South Africa, corn short
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JonSCKs
Posted 11/26/2015 23:33 (#4921461 - in reply to #4921246)
Subject: Cheaper then bidding up the basis..


The Eastern Cornbelt is already at positive basis.. just buy the Dec Board and force someone else to go procure the bushels..  Just see how well "Managed money".. manages $$$.

I know that 50 myn under loan isn't a lot.. but how long does it last?  Last year we put 500 myn under loan.. no big.. but this year.. do we do 750.. a  billion?  Meanwhile the WASDE is WOEFULLY SHORT on the ethanol grind.. so the ending carryout is gonna come down..

and the funds are short...

So if producers need $$$.. and commercials need grain.. make the Funds pony it up...

"works for everyone." 

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