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basis movement
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NKau
Posted 6/20/2018 07:56 (#6823179)
Subject: basis movement


Helenville,WI
Just curious what opinions are on what basis levels will do in the upcoming months. Generally, if the expectation is that there will be a large crop locally, basis widens. Could basis actually narrow if buyers view $3 corn and $8 beans as an attractive area to own grain? I've seen the argument that corn carryover can't grow a lot with our current assumed planted acres.
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