The past while producers were told not to worry. When visible stocks dropped basis levels would narrow and the grain companies would be eager to buy more grain.
Well grain stocks at primary elevators are now only 45 per cent of what they were in the middle of March.
Commercial stocks are 26 percent lower than 8 weeks ago.
Where are the higher bids? Have offshore sales dried up? There are still ships to fill. Could it be grain companies are keeping their bids low as long as they can?
Well grain stocks at primary elevators are now only 45 per cent of what they were in the middle of March.
Commercial stocks are 26 percent lower than 8 weeks ago.
Where are the higher bids? Have offshore sales dried up? There are still ships to fill. Could it be grain companies are keeping their bids low as long as they can?