Basis last year was 85 cents on beans. It’s already headed up here and the email I got today predicted close to a $2 basis. That’s beans well below $7. I am getting all of the bins ready to store maximum on farm storage. I couldn’t tell you the last time every bin here was full after harvest. I’ve just got to do it to make it pencil out. Even then the pencil gets pretty dull. I pity the guys who have lots of equipment loans. This isn’t the year to be extravagant.
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