Corn Belt Pain Continues As Supply Trickles Into Markets

The pain being felt in the United States corn belt continues as low prices have reduced the flow of grain into the market to a trickle (archived). Archer Daniels Midland and other buyers are finding it necessary to raise their basis bids to get any new grain at all into their supply chains while farmers are forced to weigh how much of a loss they are willing to sell their crop for in order to plant the next crop. It remains to be seen how much to hodl farmers can muster and whether it will be enough to save their fortunes from the malaise affecting commodities on fiat markets. Sorry for your loss.

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