WEEKLY GRAIN MOVEMENT: River market remains competitive

Expanded Panama Canal set to open June 26.

Corn and soybean barges destined for Gulf export points are being loaded this week on the mid-Mississippi River as the recent surge in crop prices have made it easy to buy crops for shipping, grain dealers said.

“We continue to be close, basis-wise, to the processor, so we continue to buy corn and soybeans,” one Quad Cities-based shipper said. The corn basis there this week was 7 under the Chicago Board of Trade's July contract for May, June and July delivery, while soybeans were 2

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