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Set Basis this morning.....
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smoorman
Posted 12/19/2011 10:18 (#2111901)
Subject: Set Basis this morning.....


Manchester, IA
4 over March for February delivery to ADM Cedar Rapids
7 over March for last half March delivery to Penford Cedar Rapids
Thinking basis may widen if this market runs higher and with new year selling.
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Itchy
Posted 12/19/2011 10:30 (#2111916 - in reply to #2111901)
Subject: RE: Set Basis this morning.....


SW Iowa
we will see.
I have a feeling the January "wall of grain" moving out of the farmer's hands into the market place may not be as big as earlier thought. The demand just keeps on coming, I LOVE IT!
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zmracing
Posted 12/19/2011 11:00 (#2111955 - in reply to #2111901)
Subject: RE: Set Basis this morning.....


west central MN

I finished setting all of my basis this morning also. I picked up 85 cents on my beans from where it was when we first started combining. There will be some handling expense and interest expense but it sure pays for a bin in a hurry.

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Buddfoxx
Posted 12/19/2011 11:31 (#2111995 - in reply to #2111955)
Subject: Re: Set Basis this morning.....


Can buy bigger bins at +20 over $11.50 than +20 over $8.00. Or +5 over $6 than +5 over $5
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