Posted by JMS/.MN on August 02, 2012 at 22:13:25 from (209.237.107.155):
In Reply to: Re: Louisiana corn posted by SweetFeet on August 02, 2012 at 20:33:50:
It"s dead cuz it"s ripe- late summer harvest is typical there. Also, unlike MN, no drying cost, and since they are close to N.O. ports.......very little freight cost...maybe even positive basis, vs MN price typically 40 cents under CBOT. (farmer always pays the freight). Southern farmers have a distinct marketing advantage over Northern farmers....between drying and freight costs. Plus the possibility to double-crop.
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