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Free DP....what does it mean?
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RayJenkins
Posted 4/26/2022 17:16 (#9633386 - in reply to #9633215)
Subject: RE: Free DP....what does it mean?


SC Iowa
as long as the prospect of a "normal" corn crop is still intact, the end users are going to bid "normal new crop basis" levels

if US crop prospects shrink, we will enter a new phase of the market

AND, we have safrinha and Ukraine crops for some wild card action as well

if China wants to load out US old crop corn later this summer, we could have an interesting transition to new crop supplies since we are not off to a blazing start to US corn planting

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