Markets Mostly Lower Early: Corn, Soybeans Consolidating and Cash Basis Softening

Markets mostly lower early with profit taking in corn and beans with Argentina crop concerns dialed in. Cash basis levels on grains are also softening. Nick Tsiolis of Farmer’s Keeper says there is downside risk.

Grain and livestock markets mostly lower except some mixed trade in cattle. Soybeans and corn are seeing profit taking and have worked in the Argentina crop concerns. Cash basis levels on grains are also starting to soften in the country. Nick Tsiolis of Farmer’s Keeper says there is downside risk and provides some marketing advice.

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