| IN555 - 2/4/2021 08:18 Interesting to see new crop soybean sales very strong as well. Looking back 2014 had some descent early sales but still this year is leading the way so far at 4.2mmt. Is it a sign this buying is going to continue?
555, Mississippi River basis @ Burlington, IA is currently 2 cents above SX21 for October delivery, and 13 over for November delivery. I just pulled a few old charts out going back to 2014 and basis there during gut slot of harvest typically widens to about 30-55 under the Nov. Barge loader bids for new crop corn continue to be very aggressive as well. I don't think ADM is offering basis like that so far out just because of the goodness of their heart. |
Export sales=wow
