Just wondering what others are thinking as far as Basis goes. If this market is Demand driven, is there any chance that we would/could see narrower Basis from now to when the price drops off? {near by Basis 60-80 cents, JULY 50 or so, NEW CROP w/ fall delivery 90-125 cents}. I mean if they really want canola, would they not drop the Basis? Will all companies stick together on their wide Basis till perhaps one company is coming up short, and they drop to fill rail cars?
Just wondering what others are thinking regarding Basis, will it continue to widen, stay as is, roughly, or will Basis narrow?
Does everyone want to empty their bins of OLD CROP?
Just wondering what others are thinking regarding Basis, will it continue to widen, stay as is, roughly, or will Basis narrow?
Does everyone want to empty their bins of OLD CROP?
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