That's the million-dollar question floating through grain marketing world
source: Successful Farming
The local basis prices in many Corn Belt locations are improving, especially in the east. Will farmers sell?
According to a report atSuccessful Farming, that is the million-dollar question floating throughout the grain marketing world.
In fact, on Thursday, Al Kluis, Kluis Commodity Advisors, alerted his farmer-customers to not miss the basis train while it’s in the station.
“We are seeing a lot of activity, from firmer basis levels in Illinois to wider basis in Nebraska. Once the basis starts to widen out, it could get ugly quick,” Kluis stated to customers, Thursday, in a daily note.
Read the full report atSuccessful Farming.
US Corn Price Idx:ZCPAUS.CM
open: 7.7635
高:7.7678
low: 7.621
close: 7.707
US Soybean Price Idx:ZSPAUS.CM
open: 15.985
high: 16.0828
low: 15.8187
close: 15.8642
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 11.2332
high: 11.3557
low: 11.0807
close: 11.1752
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 10.4989
high: 10.6617
low: 10.4014
close: 10.4725
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