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Andrew Luzum

👤 Person
501 total appearances

Appearances Over Time

Podcast Appearances

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Yeah, certainly. I mean, we were talking about this this week. I mean, you watch these carries narrow up versus kind of the lows here in mid-October. You know, you got a dime carry from March to July in the corn board. That doesn't pay your interest costs.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I mean, you really start to make the case here that, you know, if you can find a decent basis bid on corn here against the March, even if it's not something you want to price, you know, get it rolled to the July, get it delivered now, you know, you can probably take an advance on that.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I mean, you really start to make the case here that, you know, if you can find a decent basis bid on corn here against the March, even if it's not something you want to price, you know, get it rolled to the July, get it delivered now, you know, you can probably take an advance on that.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I mean, you really start to make the case here that, you know, if you can find a decent basis bid on corn here against the March, even if it's not something you want to price, you know, get it rolled to the July, get it delivered now, you know, you can probably take an advance on that.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

If you're pulling it into the right place, take some money out of it and, you know, wait for that spring, summer rally and you're going to end up in a pretty decent spot. You start moving inventory and start turning stuff into cash because you know what those operating lines look like when they're tapped out and you don't want to look at the daily accrued interest number.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

If you're pulling it into the right place, take some money out of it and, you know, wait for that spring, summer rally and you're going to end up in a pretty decent spot. You start moving inventory and start turning stuff into cash because you know what those operating lines look like when they're tapped out and you don't want to look at the daily accrued interest number.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

If you're pulling it into the right place, take some money out of it and, you know, wait for that spring, summer rally and you're going to end up in a pretty decent spot. You start moving inventory and start turning stuff into cash because you know what those operating lines look like when they're tapped out and you don't want to look at the daily accrued interest number.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Yeah, certainly. I mean, we've seen, you know, we kind of got over the hump of the worst of harvest basis and now processors and users guys are starting to look at those deferred books and say, man, I need to get some coverage out there. You know, we, we sold actually quite a bit of corn just this last week and,

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Yeah, certainly. I mean, we've seen, you know, we kind of got over the hump of the worst of harvest basis and now processors and users guys are starting to look at those deferred books and say, man, I need to get some coverage out there. You know, we, we sold actually quite a bit of corn just this last week and,

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Yeah, certainly. I mean, we've seen, you know, we kind of got over the hump of the worst of harvest basis and now processors and users guys are starting to look at those deferred books and say, man, I need to get some coverage out there. You know, we, we sold actually quite a bit of corn just this last week and,

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Guys just getting a homemade for where they need to execute on corn and knowing that we're going to have some cash rolling out the, you know, door here, you know, after the first year payments come and do, you know, guys getting a good cash position as they move into the spring timeframe when more, more bills are due and, you know, got some inventory moving.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Guys just getting a homemade for where they need to execute on corn and knowing that we're going to have some cash rolling out the, you know, door here, you know, after the first year payments come and do, you know, guys getting a good cash position as they move into the spring timeframe when more, more bills are due and, you know, got some inventory moving.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

Guys just getting a homemade for where they need to execute on corn and knowing that we're going to have some cash rolling out the, you know, door here, you know, after the first year payments come and do, you know, guys getting a good cash position as they move into the spring timeframe when more, more bills are due and, you know, got some inventory moving.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I don't think so. I mean, you still have opportunity cost of grain in the bin versus grain in the bank and earning interest. I mean, it's still going to cost you to leave. I mean, At least 3%, you know, depending where you're – and probably higher depending on where you can get your high yield.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I don't think so. I mean, you still have opportunity cost of grain in the bin versus grain in the bank and earning interest. I mean, it's still going to cost you to leave. I mean, At least 3%, you know, depending where you're – and probably higher depending on where you can get your high yield.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

I don't think so. I mean, you still have opportunity cost of grain in the bin versus grain in the bank and earning interest. I mean, it's still going to cost you to leave. I mean, At least 3%, you know, depending where you're – and probably higher depending on where you can get your high yield.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

So, yeah, I mean, as long as it's not a tax complication of any sort, you know, certainly there's still value in moving that stuff out of the bin. And I think sometimes guys forget that a little bit.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

So, yeah, I mean, as long as it's not a tax complication of any sort, you know, certainly there's still value in moving that stuff out of the bin. And I think sometimes guys forget that a little bit.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

So, yeah, I mean, as long as it's not a tax complication of any sort, you know, certainly there's still value in moving that stuff out of the bin. And I think sometimes guys forget that a little bit.

Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities

No, it will not. And I think where you'll see that, you'll see that in stocks reports. And that's a whole different ballgame. Because if you look in like 19, when we had extremely low test weight corn,