Wheat harvest is finally under way in our Kansas territory. We’ve seen receipts start to flow in at each of our locations with the first being in the Clyde area at the beginning of last week. Coming into the summer, we were slightly concerned with wheat quality. With the way spring went and the rainfall […]
Last week we finally saw a little green in the corn market. It’s been tough sledding as the bears have ruled the market and it has been tough to argue against them. Last week’s planting progress report had corn planting at 75% complete vs. the average of 57%. There was talk that we might see […]
The difference a year can make is amazing! At this time last year the corn basis at UFC locations was +15 cents per bushel over May futures and now we are looking at -45 cents per bushel under May futures. There are a number of reasons why the basis is where it’s at.