WEEKLY GRAIN MOVEMENT: New-crop soybean sales surge

River bids for corn and soybean shipments have weakened since last week.

The swift rise in soybean futures last week to nearly $10.80/bu. following the U.S. Department of Agriculture’s crop report had farmers rushing to lock in prices for their 2016 harvest.

Grain dealers across the Midwest said sales of new-crop soybeans surged after the report was issued, while new-crop corn sales were considerably less.

“The farmers did a good job selling the rally,” a central Illinois dealer said. “They could make some money on new-crop bean prices, while the

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