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Milo harvest and sales
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JonSCKs
Posted 10/19/2015 12:59 (#4847392 - in reply to #4847159)
Subject: Basis improvment expected..


Sorghum is trading higher than corn down south.. it's at a buyer's discount here as buyers enforce the squeeze.. However, everyone is switching over.. ethanol plants.. feeders etc.. AND we're running AHEAD of the pace this time last year..

So..

expect a good post harvest basis pop at some point..  Last year the basis rallied to as much as +130.. probably will not see that.. but expect it to trade at a premium to corn at some point soon..

We're almost done over here..

DIRTY DAY as the winds are howling.. some have stopped sowing Wheaties...

Expect a pop on wheaties also.. emergence is horrible here..

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