Farmers pulled the trigger on grain sales this past week to make cash rent payments or earn money to pay tax bills. The selling occurred even though they didn’t like the prices.
Chicago, Ill., corn futures prices were down 5% in February, and soybeans were down 3.2%. The monthly drop in corn was the largest since July, and the soybean drop was the largest since August.
“I think guys just started giving up last week. Cash rent payments are due,” a central Illinois dealer said
All access premium subscription
This content requires a subscription to Feedstuffs in order to access. If you are a paid subscriber, use your email and password to Log In now.
Current Feedstuffs Subscribers: Online and mobile access are now included at no charge to you. To read this article, use your subscriber email and password to log-in to your account (or contact us for assistance in updating your account.)
Not Currently a Subscriber: Subscribe NOW to Feedstuffs and receive our print and/or digital publications, enewsletters and premium online content. Visit Feedstuffs.com and click on Subscribe at the top of the page for more information.
SUBSCRIBE NOW https://circulation.feedstuffs.com/Publications.aspx
TO RENEW YOUR SUBSCRIPTION https://circulation.feedstuffs.com/SubscriptionOffers.aspx