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SC Iowa | Eddy Hoff is spot on.......basis will do the work between now and end of year if board does not provide the proper level of incentive...
go back and study fall of 96 and early 1997 for clues on board/basis moves....expect similar in short run, especially if space is plentiful
tough to predict all the way out, but don't know if you really want to be long the basis in summer of 2014 unless we truly have a 12.5 crop or less
as always, specific geographies may be vastly different....ie: NC Iowa if we have early end to season
Ray J | |
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