Posted 2/4/2014 20:21 (#3663001 - in reply to #3661680) Subject: Re: end users might start singing a different tune
Northeast Nebraska and Candelaria Philippines
I already know what you are going to say.....
but the basis tells me they have close to zero corn physically bought for april onward. How could they, they have been offering less for future delivery compared to spot delivery.
This one plant has to source 600,000 or so bushels per day. I think they are going to find themselves in a pickle pretty fast. They've taken a huge risk.
end users might start singing a different tune
