Northeast Nebraska and Candelaria Philippines | These end users haven't been willing to bid us any carry in the market. This means that they were expecting the be able to purchase at lower prices in the future. Because of this, they didn't get any bought for future delivery this spring and summer. These end users are going to have to come to the market and buy massive amounts of corn because they didn't contract any earlier.
I feel the market could get volatile quickly if these end-users see the need to get some grain purchases on the books. |
end users might start singing a different tune
