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Corn Nearby Delivery Basis
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Clay SEIA
Posted 11/19/2024 08:23 (#10973466 - in reply to #10972909)
Subject: RE: Corn Nearby Delivery Basis



Similar here, at least 40 cent basis gain since late October, and not really enough carry in the local cash bids to pay interest on holding corn till March-May timeframe.  But hey, marketing year export inspections up 31%, all-time record ethanol grind last week, demand is obviously dead. *******

Edit to add, I've still got corn standing in two fields.   Just contracted 15k bushels for November delivery, not going to handle any more of it twice. 



Edited by Clay SEIA 11/19/2024 08:26
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