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Basis update in St. Louis. (You will enjoy these numbers.)
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kstate90
Posted 9/18/2010 01:36 (#1363989 - in reply to #1363925)
Subject: RE: Basis update in St. Louis. (You will enjoy these numbers.)


North Central Kansas
That is what has been going on in the wheat market all summer. It has stabilized somewhat lately. Mainly due to the fact that the elevators own 80% of the wheat crop. Basis is not as big of a concern for them now. We are living in a crazy time. This thing has caught alot of people totally by surprise. It is the "Perfect Storm". Bad to mediocre crops on several continents is not a normal thing.
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