My local elevator shows the same thing on there bids. They have the basis getting wider in Jan. then it is right now. I really don't expect the basis to be wider in Jan then it is now so I would expect there is going to be carry in the market. There is currently 13 cents carry on the board and we normally see a basis improvement on corn after we get done with harvest so I would expect to get a carry. I plan on rolling my hedges out to March or May and leave the basis unset and I hope to pick up at least 20 cents carry sometime between now and the middle of Jan. We do have a few places still offering a very good basis so if we can get started and still find a place with a good basis we will sell some out of the field just for the good basis. |