The Truth About Grain Markets: Why You Can't Blame the Elevators

S2E8 Welcome back to The Elevator's Cut! In this episode, your hosts Roger Gattis and Jason Wheeler are joined by special guest Scott Hansen, a grain business legend with decades of experience. In this candid discussion, we dive into the frustrations many farmers are facing this harvest season, particularly with the historically low soybean basis. Scott shares a fascinating story about a conversation he had at church with some farmers who were concerned the market was "trying to steal their soybeans." We tackle common misconceptions about grain markets, explain why basis is a market signal (not a conspiracy), and reveal what really happens when an elevator's bids drop to "no bid."