Mike Tweedy

coming in that's going to get us a glut of grain that needs to go somewhere that possibly we don't have farm on farm storage for what should we do with that extra grain and how is basis the basis going to look going forward yeah that's a that's a good part especially for you guys in iowa east i mean i think this thing is really going to be you know i think you still got old crop in some areas that is still sitting in a bin some spots and um you know to that point you know

coming in that's going to get us a glut of grain that needs to go somewhere that possibly we don't have farm on farm storage for what should we do with that extra grain and how is basis the basis going to look going forward yeah that's a that's a good part especially for you guys in iowa east i mean i think this thing is really going to be you know i think you still got old crop in some areas that is still sitting in a bin some spots and um you know to that point you know

coming in that's going to get us a glut of grain that needs to go somewhere that possibly we don't have farm on farm storage for what should we do with that extra grain and how is basis the basis going to look going forward yeah that's a that's a good part especially for you guys in iowa east i mean i think this thing is really going to be you know i think you still got old crop in some areas that is still sitting in a bin some spots and um you know to that point you know

kind of go through your numbers and say hey if i'm 265 corn and i gotta sell a little off the combine at 380 um you know maybe that isn't the worst thing in the world and just take the revenue and run with it stop some interest and um you know to the flip side you know do not in these markets go start putting grain on basis contracts with no plan um big carries to march you know you're

kind of go through your numbers and say hey if i'm 265 corn and i gotta sell a little off the combine at 380 um you know maybe that isn't the worst thing in the world and just take the revenue and run with it stop some interest and um you know to the flip side you know do not in these markets go start putting grain on basis contracts with no plan um big carries to march you know you're

kind of go through your numbers and say hey if i'm 265 corn and i gotta sell a little off the combine at 380 um you know maybe that isn't the worst thing in the world and just take the revenue and run with it stop some interest and um you know to the flip side you know do not in these markets go start putting grain on basis contracts with no plan um big carries to march you know you're

45, 50 under harvest basis or 30 under whatever 20 cent carries to March almost that's 50 under the March, which turns into 70 under the May. And, you know, you'll just never, never get that back really at all. So that's one big caution, even for the guys that we work on the risk management side, you know, even if we're going to have big crops is let's have a plan for that stuff.

45, 50 under harvest basis or 30 under whatever 20 cent carries to March almost that's 50 under the March, which turns into 70 under the May. And, you know, you'll just never, never get that back really at all. So that's one big caution, even for the guys that we work on the risk management side, you know, even if we're going to have big crops is let's have a plan for that stuff.

45, 50 under harvest basis or 30 under whatever 20 cent carries to March almost that's 50 under the March, which turns into 70 under the May. And, you know, you'll just never, never get that back really at all. So that's one big caution, even for the guys that we work on the risk management side, you know, even if we're going to have big crops is let's have a plan for that stuff.

Don't just start dumping on DP or basis and just forgetting about it. Cause you're going to just run yourself right into a hole. And I'd rather take the cash in hand and, live for another day if we need to. And if it's because of bigger yields, that's not a bad problem to have either. You know, that's a good thing.

Don't just start dumping on DP or basis and just forgetting about it. Cause you're going to just run yourself right into a hole. And I'd rather take the cash in hand and, live for another day if we need to. And if it's because of bigger yields, that's not a bad problem to have either. You know, that's a good thing.

Don't just start dumping on DP or basis and just forgetting about it. Cause you're going to just run yourself right into a hole. And I'd rather take the cash in hand and, live for another day if we need to. And if it's because of bigger yields, that's not a bad problem to have either. You know, that's a good thing.

Yeah. And looking at 25 crop, I mean, we as a group did a round of selling along with the May rally. I mean, there was opportunities out there. You look at the carryout on corn today, you know, $2 billion is a big number.

Yeah. And looking at 25 crop, I mean, we as a group did a round of selling along with the May rally. I mean, there was opportunities out there. You look at the carryout on corn today, you know, $2 billion is a big number.

Yeah. And looking at 25 crop, I mean, we as a group did a round of selling along with the May rally. I mean, there was opportunities out there. You look at the carryout on corn today, you know, $2 billion is a big number.

But, you know, depending on economics and stuff like that, you know, historically, if you look at analysis, there's a pretty good shot that we'll have a chance for 470 plus corn sometime in the next six, you know, six to eight months as we move into the spring summer of next year.

But, you know, depending on economics and stuff like that, you know, historically, if you look at analysis, there's a pretty good shot that we'll have a chance for 470 plus corn sometime in the next six, you know, six to eight months as we move into the spring summer of next year.

But, you know, depending on economics and stuff like that, you know, historically, if you look at analysis, there's a pretty good shot that we'll have a chance for 470 plus corn sometime in the next six, you know, six to eight months as we move into the spring summer of next year.

So, you know, just have the targets in mind, you know, the farmers, unfortunately, probably will fully undersold again for this crop. So there is going to be a lot of selling pressure out there. But, you know, know where you want to have a sale. just be happy with the sale. This isn't the year to necessarily probably get cute with, Oh, I think it's, you know, five 50 or six.

So, you know, just have the targets in mind, you know, the farmers, unfortunately, probably will fully undersold again for this crop. So there is going to be a lot of selling pressure out there. But, you know, know where you want to have a sale. just be happy with the sale. This isn't the year to necessarily probably get cute with, Oh, I think it's, you know, five 50 or six.