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FARMERS RELUCTANT TO SELL CORN INTO STRONG BASIS MARKET

Jan 31, 2020 at 09:10 AM CST

The local cash basis market is holding up, especially in the eastern Corn Belt, at a time of the year when it isn’t strong. However, farmers are reluctant to sell or not willing to sell enough of what the end users need, according to market experts. Greg Lumsden, product line leader, Cargill MarketGuide, agrees that there are multiple factors holding up the basis market.