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.. |