Grain Elevator Outlook 2019 | CoBank Knowledge Exchange Brief
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Grain elevators face a struggle in the year ahead as they buy expensive basis on corn, soybeans, and wheat at levels not seen in years. Basis for all three of the major grains is significantly tighter across the country from strong end-user bids, limited pipeline supplies caused by delayed harvests, and lack of farmer selling amid an uncertain fall harvest.
Read more in Tanner Ehmke’s report, “Grain Elevator Outlook: Tight Basis
Squeezes Grain and Oilseed Margins”: http://bit.ly/386pR1y
About CoBank: CoBank is one of the largest private providers of credit to the U.S. rural economy. The bank delivers loans, leases and other financial services to agribusiness, rural infrastructure and Farm Credit customers in all 50 states.
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