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#292 | Phil Luce; Commodities, Basis Trading, Grain Elevators

The Vance Crowe Podcast

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Is the Corn to Cow Ratio a Trade-Off?

There are markets that produce more grain than is used locally. And they bring it in on rail because of that. But there are other markets that the usage and the production and consumption is pretty well balanced. The places that need a lot of corn prices higher cost more to get it done where you produce less. So, what we're trading really is the inefficiencies.

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