Posted 6/29/2024 13:46 (#10792140 - in reply to #10791892) Subject: RE: Corn entering 2014-2020 levels? Or will old resistance turn to new support?
I think it is because the cash marketers aren't selling at these prices. It is hard to sell below your cost of production but at some point a lot of guys will have to get their bins empty and that is when you will probable see the basis crash. If you are a basis seller this is probably a good time to move some.