Posted 5/24/2019 15:16 (#7518353 - in reply to #7518155) Subject: RE: Rally Ride
KS and NE in eastern 3rd
That's not how basis works. They can lower their bid all they want but they won't be buying corn. They could of bought corn on the futures market 3 years out and sold crude 3 years out. That would basically lock their spread in then the only risk is basis which historically is small.