Posted 2/27/2014 09:06 (#3720072 - in reply to #3719932) Subject: RE: ouch poet basis move
NE SD
Poet had the best basis here all through until about 10 days ago when it widened $0.20 or so. Now the nearby cash is right at $4. Problem is there's a lot of corn in this area. 2012 had a very poor crop starting just south of us that allowed us a lot of price opportunity. 2013 our crop was down, but they had a similar or better crop.
ouch poet basis move
