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National Average Corn basis +$1.37 the Sept down $.02 on the day..
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JonSCKs
Posted 7/25/2013 23:53 (#3229841 - in reply to #3229809)
Subject: Okay.. could be. Take a look at terminal stocks.


Thanks for the clarification.. still..  We're not at new crop values.. and things will be tightening up quite a bit going forward.

How about terminal stocks?

http://www.ams.usda.gov/mnreports/lswgrstock.pdf

It's a "selected view" but still 18.524 myn bushels of corn this week down 2.696 myn bu for the week.. and down 10.847 myn for the year.  With facilities only about 35% full.. including the Gulf.

Kind of looks like "farmer hands" are all that is left...???

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