date:Aug 01, 2013
Grain futures were mixed to start the day with spreading a dominating market mover. Buying old crop, selling new crop corn is again being supported by tight supplies, writes Paul Georgy, Allendale, Inc. President CEO.
Cash market basis for corn and soybeans improved at processors across the Midwest late yesterday. The lack of farmer selling and processors accessing needs and realizing that harvest is still 6 to 8 weeks away.
It is expected that farmers will be anxious to harvest early and tak