Allan is gonna sell is wheat, flood the market, and drive the price down another dollar a bushel.
Thanks for the warning. I don't trust the elevators either. One company bought about all of them in 3 or 4 counties so we are kinda stuck without competition unless we want to haul 25 miles during harvest.
They follow the Kansas City board of trade. 1 1/2 years ago, the elevator buying price was about 44 cents a bushel below the KCBT price. Early this year, they crept up to about 76 cents less than the KCBT price the last time I looked. That's an additional 32 cents of profit for the elevator/Team Marketing.
What kind of spread in the basis is anyone else getting between their elevator and the KCBT?
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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