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Beans
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Clay SEIA
Posted 4/15/2021 23:22 (#8954274 - in reply to #8954109)
Subject: RE: Beans



humblefarmer - 4/15/2021 21:36 Am I reading this right , you set your basis on soybeans ? Basis keeps improving here , I realize it could stop but tend to think it is still strong and will continue so.


Yes, I set basis.  We put four loads on wheels today.  I need cash, basis levels here are very good historically, the weather is too crappy for fieldwork, and I have until June 25 to set the futures price.  I may not get the last grand slam, but I managed to hold on to a few thousand bushels in the bin that are $5 above most of the beans that got delivered right off the combine.  Would like to think I at least made it to third base with a chance to score on this last bin... 

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