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| THE GRAIN GODS HAVEN’T PLAYED WITH THE BASIS –BUT THEY ARE LETTING THE FUTURES GO UP—NOT ONLY ON THE NEAR BY MONTHS—BUT OUT TO DEC OF 08.
14 SPRING BASIS--+.26 CASH $11.60—JAN—MARCH FUTURES $11.34 ¾
14 SPRING BASIS--+.36 CASH $11.70—FEB—MARCH FUTURES
14 SPRING BASIS +.41 CASH $11.75—MAR—MARCH FUTURES
14 SPRING BASIS +.46 CASH $11.80—APRIL-MAY & JUNE—MARCH FUTURES
SCALES: NO UP & NO DOWN
13 WINTER BASIS +.46—CASH $10.05—JAN—MARCH FUTURES $9.59
13 WINTER BASIS +.56 –CASH $10.15—FEB—MARCH FUTURES
13 WINTER BASIS +.61 CASH $10.20—MAR—MARCH FUTURES
13 WINTER BASIS +.61 CASH $10.28—APRIL—MAY FUTURES $9.67
13 WINTER BASIS +.66 CASH $10.33—MAY—MAY FUTURES
+.10 EA ½ 13 UP
+.15 @ 12.9
-.25 @ 12.4
-.35 @ 11.9
-.15 EA ½ UNDER 11.4
FEED BARLEY: $10.85 CWT
DURUM: $19.00
FERTILIZER---THIS STUFF IS GETTING WORSE INSTEAD OF BETTER
UREA $545 PER TON
PHOS $720 PER TON---NO I DIDN’T TYPE THE WRONG NUMBER—SORRY
POTASH $440 PER TON
SULFUR $350 PER TON
THAT’S ALL FROM WE MISSED OUT ON THE SNOW AGAIN, DOWNTOWN TIBER
"THIS IS DAILY UPDATE I GET FORM A LOCAL ELEVATOR" | |
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Early...Actually later than normal thoughts.
