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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
I farm in central Texas. Our corn looks like maybe we will make 50 bu. the heat and drought are killing us.
basis great in area beans +20, corn +1 july problem is 30% of my corn acres now going to beans and only have 40 acres of beans planted, 2+ inches of rain will be lucky to be done with beans before wheat harvest, also need to sidedress all planted corn acres that survive. going to be a very busy time ahead some areas just north of me 2 days total field work all year, they are already trying to differ payments on equip purchased last year.
So far in my area Ive lost .25 cents per bushel in old crop soybeans.. Basis going krazy from .55cents to $1.10 in two days. Lost in price this week.