Farmers tighten grip on crops

Farmers tighten grip on crops

Cash sales slow to a trickle as crop farmers raise asking prices in response to higher markets.

CASH grain sales have slowed from the torrid pace early in the month as farmers raised asking prices for their crops after markets moved beyond $4/bu. for corn and $10/bu. for soybeans.

At the Chicago Board of Trade (CBOT), new-crop December corn topped $4.50 last week before sliding back to about $4.40 late in the week, and November soybeans peaked at $10.45 before sliding to around $10.10.

Cash sales continued to trickle i

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