We continue to see basis firm with Corn trading positive values up about 30 cents from a month ago.. "sales price from move it holders has now ended." Now they got to pry it out of strong hands.. "come to papa."
Wheat basis is also improving nicely... TMA's new 7.5 myn terminal at Milan is now at -.40 up another nickle this week.
With the carry in the market.. evaluate what a little storage would buy and look at locking in deferred futures.
.. some times it pays to be a perma bull.. ;-) |