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New Mexico | works out to approx 15 to 20% higher than last year at harvest ( still crumby basis areas as comped to the E ).
010 was godd opportunity to sell some right off the combine.
011 is just a 30 day earlier harvest, drier corn and a higher cash price.
010 was right at 5 to $5.35 cash.
011 is $6.
No lines at the elevators.
Cash sales have to start somewhere.
Fields close to an elevator perhaps need sold right out of the field once again.
Assuming one got rid of 15% early for feed markets, this is a good opportunity to be rid of the next 15 to 25%.
MO. | |
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basis
