new crop wheat basis

[blackpowder]

Assuming average bushels. I have to bag it. Also overlooking grade risk. Local terminal offering $.30/b basis. #2 13.5
I'm tempted on a percentage. Nuts?

[bucket]

Your post doesn't indicate plus or minus.


But either way current new crop down south are minus 50us cents a bushel.

Better jump on it.

nia dyodd.

[farmaholic]

.....and here we go again, any indication of premiums or discounts written into the contract? Do you have numerous delivery options in your back yard? What if one of your other delivery options is grading your sample better?  Why does there have to be a specific grade assigned to a basis only contract?

[rook]

I'm hearing a similar deal (positive basis, and in this case basis the straight across difference between mgex and local cash price). Makes me wonder if grain co's think grain is cheap and heading up or if this is really a reasonable deal for off combine movement.

[JDGreen]

There once was a farmer JDGreen
Who was wed to a big city queen
She put up with the hurt,
Whilst he played in the dirt
As the money he made was obscene...

There is an mp named Ritz
Who doesn't know apples from shits!!
With no cars in site
How is the right??
The railways are doing the pits!!


There pars couple cornies to get Ya started


Us farmers get left with the pits...

[ajl]

Grain companies may be trying to hedge the Canadian dollar's drop to 0.70 cents. By this fall the US could be in recession which means the ROW (rest of the world) will be in full 1930 style depression.

[parsley]

Delighted you were up in the middle of the night composing limericks! ) #ManOfMyHeart. Pars

[LQQKY]

There once was a creeper named LQQKY
Who sometimes from high school played hooky
He'd drink beer in his car
Or go into the bar
And out to the field to have nooky.

[Braveheart]

There once was a chick from Wawota
Who thought Muslims were over their quota.
She loves food that's organic,
But this gal's no mechanic,
So likes Chevys over Toyota

[jdepape]

On Agriville we got to know bucket
A farmer who posts with a musket
If he wrote with more care
He would at least appear fair
And he wouldn’t make others say “**** it”