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The river, Louisiana, and basis
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Brahamfireman
Posted 7/12/2019 10:26 (#7610518 - in reply to #7610370)
Subject: RE: The river, Louisiana, and basis


Braham MN.
Oddly, Elev D in St.Paul is closed due to high water all week, but I'm seeing basis number cash and NC I haven't seen in years.

-.48 on Nov beans, and -.35 on Nov corn. Cash basis is -.26. Guys always said if corn basis gets to -.3x, SELL!!!!

Very tempting to lock in fall HTA basis, but I think it'll get better through labor day. Greedy, greedy, greedy. Plus I'm under water on my HTA's now. They looked dang good way back in Jan and Feb.....
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