BASIS CONTRACTS & USDA OUTLOOK

Written By Sebastian Frost

AUDIO COMMENTARY

  • Biggest thing is elevators forcing guys to liquidate their basis contracts

  • If you have basis contracts, call your buyer and figure out the rules

  • USDA outlook forum was bearish,but not as bearish as expected.

  • A lot of times SA problems don’t materialize until after this report

  • Markets hit hard but spreads firming is positive

  • NOPA crush new record for month but was disappointing

  • Soybean carryout “could” get tight in a hurry

  • It’s tough to call a record yield when crop isn’t in the ground yet

  • Do low prices cure low prices?

  • Grains can’t rally until the farmer sells?

  • Corn spend more time above $5 or under $4?

  • How to market grain in a bearish market

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Sebastian Frost
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SELL OFF AHEAD OF USDA OUTLOOK: STRATEGIES TO CONSIDER