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WC MN | did a corn basis contract under the july at local elevator a few weeks ago at what i thought was a good bid with intentions of rolling march HTAs to july and applying basis contract to them. i now see the may-july spread is 11 cents inverted, so question is can i roll basis contract back to may to pickup that 11 cents? then roll march HTAs to may for even money? these spreads are really fooling me, im used to the normal carry market and rolling dec to july for 25-30 cents. any advice is appreciated | |
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basis contract question
