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Can someone explain this high basis?
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JonSCKs
Posted 9/11/2014 07:21 (#4067991 - in reply to #4067639)
Subject: Record DEMAND is NOT GOING away..


Our Processor WANTS to go to $-.20.. or $9.71

WHO in their RIGHT Mind wants to sit in a 3 hour long line because they are empty.. for $9.71?

Meanwhile we have RECORD EXPORT demand.. and RECORD SHORTS in the market who ALSO want to buy CHEAP BEANS..

I can sweep out a bin and wait vs dumping at these price levels.. and I even have some bean contracts not enough for everything but not going to just GIVE IT away.. Meanwhile my d/c beanies still need about 5 or 6 weeks to make it to full yield potential.. and it's SNOWING in South Dakota.. headed to Nebraska..

Record SHORTS.. so we're playing CHICKEN with the non-commercials..  Bring it on!! 

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