|
| Facts are simply that.
The market knows you exist as do many folks in a similar mindset. I need the money, I don’t want to pay storage, I’m getting some free money from the gov, I had a really good yield, etc.
The farmer bailout will have no effect on soybean supply and demand and therefore no effect on Px.
Current basis levels are where they should be….allowing to elevator maximum harvest margins…$-1:00 to -.75 under with Lh Oct at a 35 ish cent premium.
The last thing I would do is spot sell soybeans today. Call me on Dec 15. | |
|
Decision on open beans at coop
