agrimoney.com/news/****seed-crop-to-fall-with-major-implications--1783.html
Announcement
Collapse
No announcement yet.
Marketing Reps.
Collapse
Logging in...
Welcome to Agriville! You need to login to post messages in the Agriville chat forums. Please login below.
X
-
-
Bidding is out in the open, it's a true reflection of supply and demmand. Basis levels are more concealed and therefore generally do not trigger a "if they are willing to pay that maybe we should" response from the market. Aslo open market bidding generaly works it's way through all the futures month so they can't just steal our grain now fill up and pay even less for new crop. At least Nov was up $5 and change today.
Comment
-
I have touched on these speacial deals before, most of the time they tie your hands and feet leaving you with less net money.
Comment
-
ado089, still not understanding. Isn't a narrow basis offer out in the open too? We all call around to Viagra, cargill, pioneer etc to see what they are bidding when one of them offers a "special basis". And if "open market" bidding drives up futures what do you think will happen to the basis?
Comment
- Reply to this Thread
- Return to Topic List
Comment