Spot basis bids for corn and soyabeans were flat at elevators and processors around the US Midwest on Tuesday, grain dealers said. Dealers said farmers were still in holiday mode and did not anticipate any selling until the beginning of 2016. The dealers said farmers were waiting until the ground freezes or hardens, so they can get out into the fields and tend to their crops.
Dealers were cleaning up the mess left by the previous day's rain, snow and sleet, and finishing logistics ahead of the New Year's Holiday. The US Coast Guard on Tuesday closed a 5-mile (8 km) section of the Mississippi River near St. Louis, Missouri, to all vessel traffic as rising river levels created "hazardous conditions," the agency said in a release.
Comments
Comments are closed.