Posted 1/26/2021 06:48 (#8782405 - in reply to #8781562) Subject: RE: Ethanol plants have grinded mostly cheap corn.
WC MN
Basis is a measure of desire from the end users. If they dont want it they can price themselves out. The fact they arent means these levels a what they deem profitable for now. In 2012 basis for corn here was -1.00 because they had to put that number to make money at the current price. Until basis dials back we are not destroying demand
Ethanol plants have grinded mostly cheap corn.
