Posted 6/29/2020 09:59 (#8343161 - in reply to #8343126) Subject: RE: Funds short Corn 315K
Basis contract are close to being under water for those that have taken the a advance. Those will be delt with soon. Grain will start to move to get ready for harvest. Free storage will be offered to push the farmer to give up ownership. Basis will work to pry bushels away.
Crop stories of pollination, USDA acres wrong, china buying and who knows what else will be the reason given we have 2 short unimpressive rally's. October price will probably average around 3.50.
The 21/22 crop price will be impressive!