LUBBOCK, Texas (RFD-TV) — Producers with storage may see stronger basis opportunities after harvest, according to commodity analyst Al Kluis, who expects seasonal selling pressure to ease as fall grain movement slows.
Kluis, with Kluis Commodity Advisors, told the Agribusiness Report that October is traditionally a difficult time to sell crops because harvest brings concentrated supplies to elevators and processors. He expects basis levels to improve after the main harvest window.
Kluis said he remains bullish on both corn and soybeans into later contracts. He sees potential for July corn futures to recover into the $5.50 to $6 range and July soybeans to reach $13.50 to $14, although those are his forecasts rather than guaranteed outcomes.
He also said end users may view recent price breaks as buying opportunities. For producers, storage and the ability to maintain ownership could provide more flexibility if basis and futures strengthen later.
Marketing decisions will still depend on cash-flow needs, storage costs, local basis and risk tolerance as producers weigh immediate sales against potential post-harvest improvement.
