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Spot corn basis bids slipped at several Midwest processors, including Chicago, Burns Harbor and Blair, while Decatur firmed. Cargill's Council Bluffs, Iowa, location stopped accepting corn and bean unloads due to lack of space.
Weaker processor basis signals softer local cash demand, and the Council Bluffs receiving halt points to logistics congestion. Together these weigh modestly on Midwest cash corn prices.
brecorder.comReutersMar 10, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
