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." |