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 - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil�s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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