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New Mexico | cents up in net cash corn ( have no clue / do not care where paper corn goes ).
Keep in mind National Cash Index is say $4.38...so N where the big corn is this year, cash corn is approx $4 flat.
Hopefully this deal is setting a net cash trading range for the next year from $3.50 to $4.50.
Market will float around in this higher range for maybe another 30 days...then it's history, and likely long term lower. Back to $3.50 cash for 011.
Inputs were off 25% this year.
Nothing to drive em up next either...it's mostly oil based, and the globe is awash in oil/petro stocks ( higher than 1998 which was the old high record ).
Only input farmers can influence is the price of dirt, rent or own.
Everything else basically costs the same for everyone. | |
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Were is Tara Farms
