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Thoughts on today's bean close
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MNRyeGrower
Posted 11/15/2012 20:16 (#2699230 - in reply to #2699134)
Subject: Re: Thoughts on today's bean close


Central MN
Basis in the State of MN gets weaker as you go north. ADM Crush Plant in Mankato is at -13, ADM Benson Quinn in st. Cloud is -50, ADM Rogers ND is at -60 and local elevator in middle of state is at -98.

So my guess is, at least from this vantage point, you are correct that the beans are "draining" to the south where there is a bigger positive difference between Supply and demand. At least as far as MN is concerned.
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