Friday, March 27. Markets were mixed. Corn basis continues to weaken on a lack of buying from ethanol plants. There are more reports of plants temporarily closing and steep cuts in production. We have the quarterly stocks and planting intentions report coming out on Tuesday.
21st Century Coop is accepting corn and soybean deliveries at all of our locations and we have multiple marketing options for you. Call me for more information.
If you need operating money but do not want to give up on this market just yet, consider our extended price contract. We pay 70% advance and you have until June 30 for final pricing. You can use this contract for corn or soybeans and it can be used for bushels to be delivered (advance does not get paid until delivery) or bushels stored in the elevator (storage or priced later charges would stop). Call the Cumberland office for more details.
We do still have a little space left on our market index program for new crop corn. Contact me if interested.
*OUR BIDS ARE DELAYED 10 MINUTES ON OUR WEBSITE AND ARE SUBJECT TO CHANGE. PLEASE CALL THE CUMBERLAND OFFICE TO GET AN UP TO DATE BID.
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