# Bins locked tight waiting for prices to rise – Ohio Ag Net | Ohio's Country Journal

> Ohio grain facilities filled storage to capacity this fall after record corn yields and a long harvest delayed by rain. Some facilities limited receiving days late in November. Basis levels for corn and soybeans had already firmed by the end of November, and producers were expected to sell grain in December to free bins.

- Date: 2017-12-11 · published 2017-12-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8431-bins-locked-tight-waiting-for-prices-to-rise-ohio-ag-net-ohio-s-country-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Full storage and farmer selling in December add near-term pressure on cash prices, while firming basis reflects strong local demand for harvest-time grain. Record corn yields keep the national supply picture ample.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Sources

- ocj.com: https://ocj.com/2017/12/bins-locked-tight-waiting-for-prices-to-rise/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.