WEEKLY GRAIN MOVEMENT: Processors want corn, soybeans now

WEEKLY GRAIN MOVEMENT: Processors want corn, soybeans now

Barge grain shipments 8% lower than prior week but 108% higher than last year.

Demand for corn and soybeans is strong at Midwest processors, which are offering the best bids to farmers who can deliver supplies this week, grain dealers said.

In eastern Iowa, processor bids are about 26 cents/bu. better than the river markets for corn and about 40 cents/bu. better for soybeans.

Also, one eastern Iowa dealer said the first load of new-crop soybeans was delivered this week, and new-crop corn should arrive soon as harvest started there this week.

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