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We use them to capture basis increase at end users, and to make our harvest much more efficient. Looking at the current bean bid, July soybean deliver at our local elevator is $10.13, CHS is $10.53. Knowing our local market, and local yields, I think we can believe that the basis levels at our end users are going to appreciate going into next year. A $.40 spread a bushel is more than profitable, but I think we'll get $.60 or more difference as we hold in to next year. Same on the corn market. We are in a region with a very short crop this year, and our end users, feed mills, ethanol plants, etc., are going to be bidding pretty aggressively as we roll into 2025. | |
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How to make grain bins work
