Educate me on grain elevators
Posted 2/20/2021 10:32 (#8846484 - in reply to #8846050)
Subject: RE: Educate me on grain elevators

Every operation is different, but generally speaking right now elevators making money being short the basis (well into their DP bushels) and avoiding rolling short futures positions into the inverse. Fob margins are pretty decent and you know when futures prices are high ... farmers generally don’t need as big a “push” to sell some grain. So volumes are probably real good.
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