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New crop milo tops $6 here............it's a shame it won't rain.
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tmrand
Posted 4/21/2021 17:55 (#8965640 - in reply to #8965578)
Subject: RE: New crop milo tops $6 here............it's a shame it won't rain.



Southeast Colorado
Yes. The basis can vary widely though. I sold some milo less than a month ago with a +1.35 basis. Today old crop is +.35. New crop is kind of hanging in there though and is at +.65 which happens to be 30 cents higher than corn. Typical historical basis has milo pretty much 50 cents cheaper than corn in both old and new crops.
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