I posted below that Corn delivered to a port in Brazil is $5.29.. delivered to New Orleans $6.29.. and delivered to an elevator near a feedlot 20 miles away.. $6.80
In Kansas March 1st on farm corn stocks were supposedly 74 million.. only down 11 million vs a year ago?
why would anyone store corn and turn down a $2 over basis?
I'm kind of agreeing with the post below.. if it was there.. wouldn’t it be coming to market?
Why would anybody rationally store something and take a couple dollar loss? That’s crazy.. yet that’s what NASS is telling us producers are doing.. sure it could be hedged.. but.. the clock is ticking on the basis..
We pitched our bushels as fast as we could.. are the projected stocks really out there?
Or was last years crop overstated?
nationwide.. supposedly there was 4.1 billion bushels “on the farm” UP 26 million vs a year ago.. really?!?
adding the tweet and Rambo’s corn basis map.. if NOLA is 70 over.. feedlot country is bidding more for corn.. and they have to pay more than export values because farmers are storing it?
we’re out.. so it’s not because we’re sitting on our hands.. we don’t have any to sell.
Edited by JonSCKs 5/20/2023 08:45
 (D1EBCEF8-6284-4CE6-86CD-C2C260F8D11E (full).jpeg)
 (3A8A507F-753E-46B4-91E9-0139DAB5BCAA (full).png)
Attachments
----------------
 D1EBCEF8-6284-4CE6-86CD-C2C260F8D11E (full).jpeg (116KB - 253 downloads)
3A8A507F-753E-46B4-91E9-0139DAB5BCAA (full).png (162KB - 357 downloads)
| 
Why would farmers store Corn when the market is inverted?
