WEEKLY GRAIN MOVEMENT: Market downturn slows farmer sales

WEEKLY GRAIN MOVEMENT: Market downturn slows farmer sales

Farmer selling still expected to be moderate this month.

Farmer selling of corn was moderate this past week when futures were trading at about $3.70/bu., but selling quickly slowed with the market under that level, Midwest dealers said.

Cash soybean sales have been light throughout the past week, even when futures prices were above $8.80/bu., they said. Part of that was due to processors and shippers in some areas lowering basis bids a few cents.

Farmer selling is still expected to be moderate this month as farmers will need cash

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