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| "A different scenario likely to play out in far west/northwestern half of cornbelt.....yields there will be closer to expectations (big crop staying pretty big), and that is also the area of the US that needs to build more space as we transition away from small grains to corn production which really ramps up storage needs....so I think basis can be pretty slow to recover in this last region as available space will be at a premium...... "
Glad to hear your faith in the northwest part of the cornbelt, as my checking says all new records + +, where it was not tooo wet, if we get it harvested, but we are still in this "wetter than normal pattern". All the sandy loam ground that did "not run out of N" will beat past records by 25-35 bu of very good high quality corn. We do sidedress 2/3 of our N, so maybe I am biased. Are we near harvest? Not going to guess, as it is now raining again.
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corn basis....and other stuff
