Crop prices rose in the wake of USDA latest monthly report as a smaller corn crop in Brazil and increased exports for U.S. corn, soybeans and wheat pulled investors into the futures market.
But Midwest grain dealers on Tuesday said the increases were not enough to pry loose more new-crop corn and soybeans from farmers.
“The prices are where they were last week. The farmers had seen them before,” an Illinois dealer said explaining the slow sales. “We hardly bought anything.”<
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