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Local basis, got a good laugh
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Norstman
Posted 3/11/2016 22:18 (#5170522 - in reply to #5170422)
Subject: RE: Local basis, got a good laugh


Honkytonkman - 3/11/2016 21:15

Local coop here in SW IA has a .70 cent basis on new crop beans. Why do they think they need such a huge basis. Asked merchandiser about it and he assured me it wasn't a big deal because, since I'm a coop member I get a .03 cent dividend. What a crock, I just laughed!

Probably because they are running off bunges bid which is -.50 O/N right now.
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