Dustin Weiner of Farmers Co-op
The markets were mixed last night, with corn higher and soybeans steady to lower. The cold, snowy weather pattern forecasted for the Midwest should keep grain movement slow. This should keep corn prices relatively firm on the front end as producer participation wanes. Soybean basis has been slipping at the gulf, further evidence of reduced export demand. There are stories out there that Brazilian beans are getting almost cheap enough to import into the U.S. This of course is not friendly to bean basis.
Corn steady to 2c higher