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has anyone else looked at this?
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Brandon SWIA
Posted 11/14/2012 22:44 (#2697821 - in reply to #2697775)
Subject: Re: has anyone else looked at this?


This projection was done on Aug 21. On that day, Dec corn closed at about 8.39. Harvest was going by then and I bet most locations had a positive basis in IL. This data is specific to IL and the one example everyone is talking about specifically lists high productivity farmland in central IL. I wouldn't expect it to apply to Minnesota.

BTW, December corn traded at or above $8 every day from July 30-Sep 10.
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