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Smithfield in Sioux falls
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ehoff
Posted 3/29/2020 15:29 (#8149433 - in reply to #8149376)
Subject: RE: Smithfield in Sioux falls


Central Missouri
As per basis on corn, farmers need to look at it as the buyer of corn. If you were a corn buyer today knowing what has transpired in the last month would you be one bit concerned about getting enough corn to run your business until new crop arrives? If your answer is no, that gives a good clue as to basis expectations.

The only wildcard is well I can’t think of any for corn. Soybeans and srw are a different story but could very well have the same outcome.

Now think about soybean meal, I would bet buyers are quite concerned about meal basis worldwide.
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