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National Average Corn basis +$1.37 the Sept down $.02 on the day..
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JonSCKs
Posted 7/26/2013 08:37 (#3230232 - in reply to #3229863)
Subject: Fair enough..


chuckle.. "fair enough."

I've been on your side.. and listened to the wrath of sellers.. yada yada yada.. 

"Been there.. done that.. got the shirt."

So.. I'll spare all that..

All I can say is that I look at the facts that are available to me.. and make my decisions.  Which I have laid out on this board.  With the caveat.. "I could be wrong."

so far... "looks like I am."

Markets are funny animals.. part predictable.. and as you note.. part very wild.  You got to admit.. though.. the doggies aren't going to go down the chute now without some prodding..  maybe next week it goes the other way.. maybe not...??

Looks this morning like China is in for some Corn and Beanies.. First at the trough post Invert.  There's gonna be a big job shoving all the newly squeezed bushels.. around to fill all the holes over the next couple of months.. And the holes get bigger.. I'll be amazed to watch that all happen... assuming it actually does..??

At the end of the day.. "Markets do work." 

Really not much has changed for me.. A week ago I was offered $4.95 for new crop corn.. Today it's.. $4.79.. $.16 lower... 

You know my response to both offers.  I'll take my chances in 2014..

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