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SC Iowa | On August 31, 2016 the spread between Sept and March futures was 25 cents, very close to today
corn basis is pretty erratic around the midwest, with the majority of corn basis bids wider than a year ago, which would contribute
to the desire to hold grain off the market
I think the mindset is that this year's crop will be easier to "put away" and that basis will start to firm in last 35% of harvest
I agree with that assumption, but we also have to realize that Brazil will be a strong competitor for export biz in the first quarter of the 17/18 marketing year | |
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John Roach says a another flush is coming in corn
