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Corn basis at -45¢ and soybeans in the -90¢ area have a lot of growers up in arms—and wondering if cash prices have lost all relationship to futures.
The transportation bill for barge operators on the Mississippi and Ohio rivers is skyrocketing. Currently, barge rates are at their highest mark since 1990. Seasonable demand, late harvests, damaged crops, and a shrinking barge fleet are all to blame.
Corn and soybean basis levels were higher this week as sharply lower barge rates and a slow-paced corn harvest helped fuel the gains. For the week, corn basis was up 4-cents a bushel while soybean basis levels climbed 10 cents on average around the country.
Top Producer brings you exclusive audio analysis of USDA’s November Cattle on Feed report. Listen to University of Missouri livestock economist Ron Plain his analysis of the October cattle numbers.
Agriculture in the Czech Republic has not had an easy road. Throughout history heavy governmental involvement made the country’s agriculture industry shrink, expand and finally somewhat flourish.
Even with VeraSun Energy Corporation filing for bankruptcy earlier this week, there has been little impact on basis, according to research by Cash Grain Bids.
Making every seed count just got easier. Two companies are teaming up to bring more precision to your planter.