AgTalk Home
AgTalk Home
Search Forums | Classifieds (12) | Skins | Language
You are logged in as a guest. ( logon | register )

Harvest winding down.. basis starting to improve.
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
JonSCKs
Posted 10/6/2024 12:37 (#10917124)
Subject: Harvest winding down.. basis starting to improve.


With the dry, HOT, open fall.. most everything is mature..  Corn went from 18% to 12% in a week, We've finished our full season soybeans Friday.. moisture went from 11% to under 8%.

The sorghum is dry.. coming off early.

Basis is already starting to firm.. Cargill firmed it's processor bid Friday as the board sold off..  The ethanol plant must procure around 17 million bushels per year to "feed the beast."

Ill get flamed for this.. for saying "no ground piles" as the picture below shows the one(s) at the plant which is normal.  They are off to a good start.. It's expected that they will grind more sorghum this year as China hasn't procured much..

Id be buying shuttles at these prices if I were them.. once this crop finds a home.. owners will be tight fisted turning loose.

Harvest selling is wrapping up here.

Cheers.





(20240930_151026 (full).jpg)



(20241002_145844 (full).jpg)



(20241003_223322 (full).jpg)



Attachments
----------------
Attachments 20240930_151026 (full).jpg (162KB - 11 downloads)
Attachments 20241002_145844 (full).jpg (150KB - 8 downloads)
Attachments 20241003_223322 (full).jpg (106KB - 15 downloads)
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)