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Basis on wheat.
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farmerbyron
Posted 3/9/2010 19:55 (#1112723)
Subject: Basis on wheat.



Oklahoma
I know in years past as we get closer to harvest the basis has lowered. Is this to be expected again or are the supposed supplies too high to get a smaller basis? A fertilizer salesman has told me that all the bins north of here are full of wheat. I wonder what it will take to get that wheat moved out if he is in fact correct? Just fishing for opinions really.

Also what does wheat look like in your area? Around here there is a lot of really good looking wheat and there is some absolutely sorry wheat. The worst stuff is what got planted in Dec. but most of the Nov. wheat looks like it could make really good(supposing we don't get another freeze around easter).
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