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Iowa | +.10 for corn
-.10 for soy
Odd thing is all the end users here claim they are in need, even though this area had good yields. But basis doesn't really show it. I've even had two end users call me in the last week trying to get me to sell... in the same conversation they said "we have been running hand to mouth this year so far" and also said "prices are tough because there's no demand"
Well, which is it?
I think they are getting buy good enough using their harvest stockpiles and the guys that need to sell to pay for inputs this spring, may get more interesting come spring/summer. At some time the funds will need to reverse their positions also, since they are near record shorts right now. | |
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Local Corn Price & Basis March
