WEEKLY GRAIN MOVEMENT: Corn going to southeast and down river

Increased corn demand pushes basis bids higher.

Midwest corn was sold into the southeast poultry and ethanol markets for August and September delivery, while river terminals are sending barges of it to Gulf export points, grain dealers said this week.

The increased demand for corn pushed up basis bids to farmers by a few cents in the past week, which partially helped offset the recent drop in Chicago corn futures.

“I sold two trains to the Southeast for September. It hasn’t been a big push but it provided us with a decent

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