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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