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New Mexico | National Cash index this week in the $4.10 to 15 range.
That means some folks are gettting say $4.50 cash, and some are in the high 3's too.
Here a week to 10 days ago in my area we were at $4.40 cash, this week we are $4.50 cash.
Basis here...went from a + 20 cents, to now a - 22 cents the past week.
Paper corn might go to the moon....might not too.
Cash corn should stay in a pretty respectable, long term "above $4, to maybe the $4.70 level in some areas."
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$4.75 HIT Get ready for $5.75!
