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Somebody is short bought
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coup
Posted 1/30/2021 14:10 (#8794223 - in reply to #8793619)
Subject: RE: Somebody is short bought


USA
ekeller2 - 1/30/2021 09:09

coup - 1/30/2021 08:07

Was offered plus 50 July for June delivered corn yesterday to STL. Have never been offered that kind of basis this time of year for summer delivery . Tempting, but turned it down as think there will be a real scramble fighting over what is left to buy as get closer to summer


Which one coup? A location will work if you don’t want to post company or my e mail works


Cahokia


My guess the inverse will grow, pushing June- July basis higher the closer we get. Have some offered @ + 43 May for April delivery that am going to pull Monday morning. IMO after the Jan- Feb delivery surge to STL, corn available to buy is going to be a hard commodity to source . The easy pickens has been had, pretty much what will be left to buy is owned by hard headed old farts, who enjoy playing hardball.

Edited by coup 1/30/2021 14:12
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