Posted by RGMartin on October 03, 2013 at 16:32:57 from (75.88.139.232):
In Reply to: Goodbye Farm Bill posted by IHRedRules on October 01, 2013 at 15:00:36:
They are paying $3.92 a bushel locally at the moment(65 cent negative off of CBOT), 56# bushel. Works out to Right at $7 a hundred. By the time I get done paying drying fees I am looking at closer to $3.50 on the early corn that needs to come off this week so my wheat can go on.
If this year is like last, the basis number will get a little better as the year goes on. The nearest ethanol plant is paying better, but I would spend the extra money in gas hauling it there(old Chevy with a 366, 4-5 mpg).
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