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sampsen
Posted 2/7/2008 23:25 (#304229 - in reply to #303159)
Subject: RE: 89 cent gain in basis today


Dagmar, MT
Looking good Ed, just let me know when to bail out. These limit up futures are plum boring compared to the cash market. Bigdog was right yesterday about basis getting better yet. I remember stating something several months ago to the effect, "There's no reason HRS shouldn't be where durum is, the fundamentals are the same we're going to run out of both well before new crop is anywhere near the pipeline." I'm pretty sure I said this to someone(most likely myself). Anyway today durum is $23. Maybe we have limit-up moves and bigger basis moves for weeks to come?(LOL, yet semi-serious)
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