WEEKLY GRAIN MOVEMENT: Farmers hold tight to corn as harvest advances

Lack of selling has limited flow of grain into market channels.

The corn harvest is under way across the Midwest, but this year’s low prices have most farmers storing the grain either on their farm or at local elevators, grain dealers said this week.

The lack of selling has limited the flow of grain into market channels. However, processors and exporters appear to have October needs covered, so the light farmer selling has not yet pushed up basis bids, dealers said.

Late on Monday, the U.S. Department of Agriculture said the U.S. corn ha

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