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Senior Contributor

Re: Monday, Cash corn ( crumby basis areas ) is 175% higher

than same frame 010.

$4 then, $7 now.

 

Guess if the surrounding economies which actually support said price ( mostly due to conversion of E to other beneficial econ use) are better now vs 010 by 175% also, current corn price stays "safe" or maybe even goes higher.

 

If not, thus corn dropped 1 to $2, that would still be much higher than the 010 market.

 

The W corn belt has a decent corn and bean crop again this year.

NE, MN, SD, IA, N 1/2 of KS, CO etc.

 

The dryland corn in Western So Dak for instance may not make 150 bu, but it will do 140 easy.

 

 

 

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Contributor

Re: Monday

Hello Swede....

It is  a bit funny when to Swedish guys are takling Greece on this american forum?

The 10 year Greece bond was 21% yield friday so it is likely that Germany must do something soon!!!

Are you a farmer BTW

Best wishes

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Senior Contributor

Re: Monday, Cash corn ( crumby basis areas ) is 175% higher

Hi rightone: It's been a long time since I had a math class but would'nt 175% increase of $4 be $11?

 

Just askin

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Veteran Advisor

Re: Monday, Cash corn ( crumby basis areas ) is 175% higher

depends on how you use words...semantics...

 

if you say that corn has increased in price, and now is at 175% of what it was, then the price was $4 and now is $7.

 

if you say that the amount of the increase alone is 175% of the base, then yes, it would be $11,

 

I think we all know what was meant.

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