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East Central SD | You have a little different situation that what would normally happen. GLE has a different philosophy on buying than most end users because they have a somewhat captive supply. It's very frustrating being a customer and owner of GLE. They try to steal as much corn as they can and then they'll be short bought at times. I think they deal with a lot of customers that don't separate pricing from basis and really take advantage of that. They will no doubt be extremely short bought sometime this next year but at harvest they should be in better shape than most of the plants to the south. | |
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corn basis in the dakotas
