Formerly NE North Dakota, now NW MN | So, I can't believe I'm going to do this....but... I'm going to take the opposite opinion of you on the endgame basis.
I think basis from march/April on is an international deal, and by june/july the differences between Brazils soybean situation and ours will be more stark than they've ever been. Our export pace seems to have us on track for a negative soybean carryout, meanwhile, Brazil can cut their crop 10%, still have an 82ish mmt crop, and still have very little reasonable hope of shoving it all thru their pipeline. Looks like a recipe for (yes I'm going to say it, no I'm not trying to become MT reincarnated.... These things just keep ending up in my thought process) blast off time, for basis. So... If he's the old t-minus..... I guess you can call me the new t-minus.
For anyone new to NAT, me disagreeing with Maizing on basis is like a kid disagreeing with Newton on the laws of physics because he went downhill skiing once.... |
Hey Peter
