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Just checked my local basis....
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FarmintheLand
Posted 7/17/2012 21:29 (#2491364)
Subject: Just checked my local basis....


NW Minnesota
Haven't been watching the markets lately since all they seem to do is up, and waiting to see how the next week pans our for moisture before marketing more grain - but took a look at one of the coops in our areas for basis... had $0.80 under for off the combine wheat, $0.61 for Dec. Off combine corn was $0.80 and Dec delivery was $0.77. They didn't have March listed..... stuff I marketed earlier, wheat basis was $0.30 under and corn was $0.50. What's everyone else seeing for basis? Thinking ya know, could haul quite some distance to make that wheat basis come down closer to $0.40 and corn basis... heard some talk about seeing some positive even!
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