WEEKLY GRAIN MOVEMENT: Cash rent bills prompt grain sales

WEEKLY GRAIN MOVEMENT: Cash rent bills prompt grain sales

Mississippi River may be able to load and ship grain barges next week once work is completed on a lock.

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

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