US corn base will decline
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Last Update: 2001-10-15
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Source: Internet
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Author: User
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Lead: Murphy grain trading company analysts told data transmission network users in the United States this week that as the corn harvest nears 60% completion, the corn base will be in a very narrow range By next week, the corn harvest will be half finished, so the basis may suffer another 1-2 weeks of pressure, although sales are on track Analysts at the company say they expect the corn base to be in the narrow range of 10-20 cents / bushel in the next 3-4 weeks In the next 8 weeks, we expect the corn base to be in the narrow range of 30-35 cents / bushel in many parts of the country The US Gulf spot corn export basis continued to rise, up 11 cents / bushel Analysts said last week's good export sales of corn were favorable for the near-term contract basis, but the current export demand did not improve the pace of new corn supply, new corn is entering the export terminal of the Gulf of Mexico (author:) share to feed Weibo share to:
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