Nudge
You are probably right.
Here is the thing northern tier elevators have moved their basis to minus 20 cents a bushel off mpls.
5.79 minus 20 equals 5.59 usd.
5.59 usd equals 7.15 cdn.
They might love us flat pricers looking for delivery. But I suspect they love basis guys as well. The graincos are ****ing everyone.
Local says he has a plus 65 cent per bushel basis and I can't get 6.50 cdn for wheat. The math isn't right.
I guess the question is. If I lived close to the border how is it that a minus 20 basis in the US pays better than a plus 65 in canada?
You are probably right.
Here is the thing northern tier elevators have moved their basis to minus 20 cents a bushel off mpls.
5.79 minus 20 equals 5.59 usd.
5.59 usd equals 7.15 cdn.
They might love us flat pricers looking for delivery. But I suspect they love basis guys as well. The graincos are ****ing everyone.
Local says he has a plus 65 cent per bushel basis and I can't get 6.50 cdn for wheat. The math isn't right.
I guess the question is. If I lived close to the border how is it that a minus 20 basis in the US pays better than a plus 65 in canada?
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