Posted 10/25/2016 11:08 (#5599242) Subject: bean basis set price or roll & got a little butthurt over basis
East Central SD
Gulf bean basis down 40¢, PNW bean basis down 33¢ since the start of harvest. Demand for beans is good, but the volume of beans being moved has overwhelmed the export market. SX6 SF7 spread widens, makes sense. Beans rally thru it makes one scratch their head.