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New Mexico | No good consistency to the whole of the areas.
Looks more like a 150 national avg for corn rather than the record 162 the market is currently playing.
Granted basis will widen negative as the market moves up..but cash will still be some higher.
Happen to get several of these 10 to 20 inch dumper rains repeated on top of each other over the next week or so in the traditional reliable high yield corn areas...and they might not get much of a crop.
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Yield edge is off this crop
