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than they can sell it today,
-
so they're comparing the basis with their costs;
-
they do that all the time in the warehouse business.
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Now, September 4--now it's still--remember, the harvest was May;
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we're not anywhere near the harvest.
-
Now, we still have a basis, but now the basis has gotten smaller;
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this is what happens.
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So, the warehouse operator is starting to feel uncomfortable.
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I was doing really well in July--I had a basis of 3.
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Now the basis is down to 1, so it's getting kind of iffy for me--
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whether I can make money.
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Maybe I should sell.