Centre county Pennsylvania, USA | All good questions but no answers. We're holding for $5 cash. Risk is high but ethanol should bail us out. That's reasonable target here, 07 cash corn peaked at $4.80 locally but has fallen back some now. PA's trend corn yield is about 125 bushels/acre. Here are current local cash corn bids:
Local Cash Bids
North Central PA Mill Delivery Basis Cash
#2 Yellow Corn May 31, 07 0.36 4.05
Jun 30, 07 0.40 4.09
Jul 31, 07 0.44 4.13
Aug 31, 07 0.48 4.21
Sep 30, 07 0.48 4.21
Oct 31, 07 0.20 3.95
Nov 30, 07 0.20 3.95
Dec 31, 07 0.21 4.07
Mar 31, 08 0.30 4.16
May 31, 08 0.32 4.27
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supply and demand report today
