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Eastern Shore of MD | Corn here. It is totally capturing the change in basis.
This year corn harvest delivery -$.05. Could get +$.70 in late summer for JFM delivery, so about a $.75 positive basis swing for storage.
Soybeans - -$.75 basis at harvest to a -$.45 for JFM, so you only pick up $.30 for storage.
You can tell we are in a corn deficit area with the basis.
That is here....your mileage will vary depending on location.
Edited by MD GenX 11/22/2022 20:22
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