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Schochoh Ky | If I’m a producer , a dime down in corn a day , I can easily get out at the mill or elevator . Basis still red hot here south , at chicken feed mills , which tells me , they don’t have coverage. Plus 60 at local mill , plus a dollar 30 miles south , plus still bidding off the July , sold cash after report for 7.69 , now if that corn was dp at local elevator chain , 7.15, off the Sept. So two different stories, one is in about profit for the chain , other is about actual economics. Corn supply will be zero here , locally , come , August 1 . | |
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Something is amiss...
