Basis is the difference between the cash price and the futures price of a particular commodity on a given futures exchange. The factors that affect basis include expected supply and demand for grains at the elevator, transportation costs, the quality of grain that is to be delivered, and if there are other grains that can be substituted in the area. Successful management of basis risk can add to a producer's bottom line.
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More Information...
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Soybean sales were good again this week at 30.8 million bushels. This was well over the highest pre-report estimate of 18.4 million bushels. China is still the number one buyer of US soybeans for the week at almost 15 million bushels.
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Full Report
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National ratings for winter wheat to provide an overview of the potential production for 2009 will not become known until April 6th. Allendale suggests it may be the KCBT's new crop July futures which may assist in leading a spread versus CBOT's July corn futures into a short term rally.
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Full Article Here
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I'm Paul Georgy, President and CEO of Allendale, and as the host of the Commodity Coffee Shop, I bring you all the early calls and overnight trade information that you need to get your day started. Will the stock market drive us lower? How will this report affect corn or bean prices?
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How do you prepare for your day?
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Make sure to check the Allendale website for our full survey results.
Allendale would like to thank all of the producers that participated in this year's survey. Farmers from all major growing regions of the nation have once again helped us to formula
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Tomorrow at 7:30AM
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