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Corn Target?
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Illinoisfan
Posted 12/16/2009 17:13 (#969977)
Subject: Corn Target?



We are starting to think about unpriced bushels. The basis levels in this area are terrible through January, likely due to the fact that many are still finishing harvest. January cash is 3.76 (first 1/2) and 3.83 (last 1/2). I would really like to see $4+ levels on cash sales without holding this stuff until June/July. The markets seem to be holding up, and I do think that the final corn numbers will be decreased by the USDA. What target are you guys looking at?

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