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Impac Mortgage Holdings Inc. Message Board

liverless001 3 posts  |  Last Activity: Sep 16, 2014 9:39 AM Member since: Nov 16, 2012
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  • Reply to

    corn basis

    by liverless001 Sep 16, 2014 7:48 AM
    liverless001 liverless001 Sep 16, 2014 9:39 AM Flag

    Thanks for the response.

  • Reply to

    corn basis

    by liverless001 Sep 16, 2014 7:48 AM
    liverless001 liverless001 Sep 16, 2014 9:32 AM Flag

    Basis is always transportation + carry + profit right? Thats the definition.

    My point is that it looks to me like the surprise on basis right now is to the positive.

  • liverless001 by liverless001 Sep 16, 2014 7:48 AM Flag

    I'm going to try this one more time. was posted here by elahans that basis was currently $1.20 and also mentioning some higher numbers - i replied to that asking where that number comes from but I posted link that seems to cause yahoo to remove the post. nevertheless what I said is that Ive been watching basis via USDA CA weekly grain report in the market news reports on their site.

    Latest report shows rail to LA at $1.98/cwt x 1/100lbs x 46lbs/bushel = 91c per bushel

    By truck to Stockton is less than that via same Sept 11 report.

    please advise if this is incorrect.

IMH
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