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SC Iowa | Absolutely that is a factor
as a merchant, I marvel at the thought that someone may let the equivalent of 135 over December futures erode all the way back to whatever basis level you want to call the harvest low before starting basis appreciation over again...
no matter your bias on futures, that +135Z is something you want to preserve and protect at some point in the near future...write a basis contract, use minimum price, request defer pay.....but don't give that kind of easy money up because you don't like the flt px bid....
someone posted this, but appears Poet rolled all plant bids over to basis vs. September futures last couple of days.... | |
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Market Thoughts
