Posted 2/20/2021 07:45 (#8846109 - in reply to #8846050) Subject: RE: Educate me on grain elevators
Hedge up front, when you experience market corrections usually the spreads adjust and you can roll ahead with a little bit of carry. Peddle grain as fast and furious as basis allows. Most elevators have 85% of the beans gone right now, the export program allowed them the opportunity to make a solid historical margin and get them gone in an inverted market. Now the focus is getting the corn all gone before the cliff from July/September futures.