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Will the basis follow the spreads?
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Maizeing
Posted 8/30/2013 07:41 (#3297731 - in reply to #3296596)
Subject: Re: Will the basis follow the spreads?


Ontario's middle east
John, so far I don't think Chicago missed anything. This summer we were (are) pricing old crop vs new crop values. So once July went if off the board, the final old crop had big numbers to equate for the inversion. That's why I called it a hangover from the inversion. Make no mistake about it John there will be enough sellers soon to "normalize" basis. One more look at 96



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