Posted 10/16/2020 00:30 (#8548104 - in reply to #8547941) Subject: RE: Milo basis from cash to newcrop
Totally depends on China and if they get enough this year. If big acres planted next year don’t expect the big positive basis. It’s tempting to plant milo but it is a year to year thing and doesn’t always pop.
The way I look at it, a lot of guys will succumb to the temptation and plant because of this years high prices. Then get burned in 2021.
Time to plant will be 2022. If someone does a price check on last year I could be wrong.