Posted 8/10/2010 19:17 (#1309448 - in reply to #1308893) Subject: Re: Was talking current wheat basis which
New Mexico
is Minus $2.30 avg off of near board of say $7.70 ( National cash index is say $5.36 HRW ).
Perhaps you did not analize the post correctly.
Current basis trend...granted 6 paper corn is a pipe dream...but if You did get there, basis could easy be say a Minus $1.80. Still would be approx $4.20 cash...which is better than say the $3.55 cash now.
Was there a Reason for selloff?
