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What’s the implications if 90% of beans delivered to local coop were sold off the combine?
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Rockman
Posted 10/27/2020 09:04 (#8569180 - in reply to #8568994)
Subject: RE: What’s the implications if 90% of beans delivered to local coop were sold off the combine?


Similar situation here.
(Guessing we would disagree on the underlying reasons)
We held all of 19’s production corn and soy beans into September. Then basised it,, scaled up selling.
Did not want to admit that on ag-talk, but since you did.
Could’ve went the other way, if USDA could’ve kept kicking the can down the road,, it finally caught up to them.
19 was the pp year,(some may have forgot)
—-
right or wrong, currently-
10% of (19) beans rolled from nov to jan
15% of (19) corn yet to price (or roll) under the dec

Some 2020 sold,

McFarmer - 10/27/2020 07:26

No basis change at our elevator on corn or beans from here to July. They want them now, why ?

Because they think they will cost more later. Same with the low basis this last spring and summer.

I've certainly been around long enough to know I could be wrong. Probably going to let the last of 2019 corn go this week. Never carried grain this long before.
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