WEEKLY GRAIN MOVEMENT: Cash corn bids slip as fall harvest nears

Cash bids inch lower after backlog of barges at Gulf provides enough grain for shipments.

Export shipments of corn, soybeans and wheat have been robust, but there was enough grain at Gulf of Mexico export terminals that shippers were able to lower cash bids, grain dealers said this week.

The U.S. Department of Agriculture’s weekly grain inspection numbers for corn, soybeans and wheat on Tuesday topped trade forecasts and the previous week’s levels. However, inland elevators that send barges of grain to the Gulf said a backlog of barges at the Gulf created by last month’

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