Posted 9/5/2007 15:35 (#198832 - in reply to #198737) Subject: RE: 7 dollar wheat price at local elevator
Central IL
If your magic 8 ball is working, could you tell me what July 08 is going to hit before it gets here? Looking at -.60 basis here right now for Jul 08. Harvest basis is usually around -1.00 or worse. That's with CBOT at $4-$5.
Best wheat I sold last year local price was $4.02.