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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
One mentioned he thinks farmers are holding onto old crop soybeans like they are lottery tickets. I think they have the winning tickets but cant redeem them for full value. $1.00 basis in my area and some are starting to bid off of deferred months. I guess the only ones who will make the big money is the traders. If my elevator decides to go to the next month I will lose another dollar. I think your right the farmer will get so frustrated with the market he just might hold onto his beans. Old crop in my area $11.40, shortst supply in history. I know the traders get rich and farmers should be happy with that price.