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Mascoutah, Illinois | January corn closed at $3.59 on September 4, 2014 with St. Louis basis at plus 12 cents.
January soybeans closed at $10.10 on September 4, 2014 with St. Louis basis at plus 42 cents.
***Using September 4, 2014 versus September 4, 2009.***
The January corn market is trading 13 percent higher today than it was on this day five years ago.
The January soybean market is trading 6.0 percent higher today than it was on this day five years ago.
January corn rallied 31.5 percent from September 4, 2009 until January 11, 2010.
January soybeans rallied 7.9 percent from September 4, 2009 until January 11, 2010.
***What I believe is important to note.***
Basis could be a helper with on farm storage at a higher capacity than it was five years ago today.
We should have plenty of answers in the next four plus months as to whether or not this was the right strategy to take with a crop of this size using the 2009 crop year as the benchmark.
EDIT: Two grammatical errors.
Edited by djmcountryboy 9/6/2014 14:07
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Will 2014 markets follow the 2009 markets?
