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S Illinois | From a pure perspective yes. Elevators will be short or long basis 100k’s to millions of bu depending on time of year and grain throughput for their locations. They can buy and sell basis at the same time but normally not nearly as profitable. History and market bid structure makes its much more predictable but they can get upside down if not careful. But 5 or 10 cents under water happening over the course of a few months is a different animal than 20 cents underwater in a day like the board of trade can do. | |
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Storage Rates
