Posted 11/13/2012 10:11 (#2694693 - in reply to #2694656) Subject: Re: options market is mispricing futures, ja
You may be wrong on the taking of wheat feed out of the rations in areas where a short corn/sorghum crop occurred. There is still some interest in wheat feeding in areas where a very short supply exists. They can only rail in corn to SW KS as long as an adequate supply from the east remains intact with a reasonable basis which may end later this winter as the supply tightens and basis gains are seen in eastern areas.
If I knew for sure, I would not be working for a living.