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Red River Valley | well flush with cash -- maybe __ but the SA farmer is a willing seller , and they will let basis push in the US until their crop becomes competitive into the US.
As happened this year -- couple of quick facts
70mb off old crop corn is still under loan - if your flush with cash why did you put it on loan ??
Lots of guys flush with cash are sitting on 100,000 bushles of old crop corn and watched that Inversion work well for them.
Market does not need a lot of this corn right now, and it is pretty safe that the 1.4 billion bushels that is already sold will come to town along with about 1.0 bb of share cropped land then there is the 1.0 bb of corn that there is no room for so you have 3.5 bb that will come to market by Nov. 1st.
Export program of the PNW for corn is none existent.
So I guess the question becomes how long can you wait ??
we will see if the market Inverts to get yours or not.
It won't have to to get mine I will deliver almost 80% out of the field at great basis
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Fuel for the bulls....
