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new crop wheat basis

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    #11
    There once was a guy named Charlie,
    Whose passion was riding a Harley.
    With a cycle of chrome,
    Thru the country he'll roam,
    And no longer will worry about barley.

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      #12
      It's a positive basis.
      It costs me easily $.25/b to bag it.
      I can pile it off combine and truck before snow.Worked in 13 but every year different. This year however reinforced lesson that you can never trust the grade. I would never do this deal without it being company I knew very well.
      Question is could it go higher if fx changes or something else.
      Last year in dead of winter I thought a -$.20 was good for 14 crop. At lest I priced those futures. Grade off and she's still in the tube cause of RR.

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        #13
        You didn't say what your degrading factor was but remember the CGC came out with new standards on Nov 19th after alot of grain was already graded, even by them in the harvest survey, so might pay to have it regraded if it was for frost or mildew.

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          #14
          I said Hon you should hear what I read.
          She said get off that damned site, come to bed.
          I don't care about Parsley,
          You love me too sparsely,
          Now love me or I'm leaving with Fred.

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            #15
            Shades of Grey will open soon
            Causing all the women to swoon.
            Look I'm no dope,
            I've bought lots of rope,
            And knot tying will be a big boon.

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              #16
              There once was a fellow named RITZ
              Who depape caught him ****ing a OSTRICHZ
              Depape said with some gnash
              Now give me the cash
              And they both took turns at the BIRDZ

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                #17
                There once was a guy called DePape.
                Let me tell you this guy was no sap.
                He knows lots about basis,
                And deals with head cases,
                He's not gonna take any crap.

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                  #18
                  She was his Valentine as he did know
                  And worked with him through high and through low
                  But he had a battle
                  When he said "Let's sort cattle"
                  On Valentines Day in the snow

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                    #19
                    This woman of Swedish extraction
                    Whose opining garners much traction
                    Is cunningly clever
                    Baiting us to endeavour
                    To write lovingly without retraction

                    A Valentine limerick she begs
                    To test we societal dregs
                    With fingers a beating
                    Our brains overheating
                    Our drivel will never have legs

                    But its Valentine she doth declare
                    Catching many of us unaware
                    So write something sweet
                    And don't be discreet
                    Of course it must last for a year

                    Hence to all of our lovers I say
                    Thanks for your comforting way
                    I write these few lines
                    With sincerest opines
                    That each day be Valentine's Day

                    So Dear Parsley may Cupid deliver
                    Chocolates and wine like river
                    And your day of these treats
                    Ending between the sheets
                    And may your Dear John make you quiver!

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                      #20
                      I know I'll be up for rebuke,
                      But I can't hope to compete with Bill Duke.
                      For it seems that he's chose
                      Some colourful prose,
                      If he wins it won't be a fluke.

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