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basis contract?
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berggrenfarms
Posted 11/21/2018 12:01 (#7119465)
Subject: basis contract?


Nebraska, The land of corn and cattle

Right now the basis at my local Eplant is -$0.17 on corn, thinking about doing a basis contract and seeing what the market does. This is for 2018 production. I have about 40-45k of unpriced grain, some will be in bins and some will be bagged in the field. Would this be smart or stupid?

Without hiring trucks I cannot keep the corn away from the combine to haul it out of the field to the plant.

Anything less than -$0.10 or .15 is extremely rare here. At the start of harvest it was -$0.35-.45 depending on the destination.

Next question is, can I set that basis for 2019? I know they only bid out 12 months on cash and HTAs

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