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South Central NE | We very seldom get a positive basis on march delivery here. Last year was an exception where feedlots and ethanol drove basis higher than I had ever seen. Year in year out a positive March basis especially at .50 or better is a huge premium. Right now for instance the elevator is bidding -.35 on march delivery where white at same elevator is +.65. Granted that -.35 is dog crap and a guy could get a +.30 at ethanol plant. But .65 is still better than .30. | |
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white corn premium
