I was in London this week for the International Grains Council Conference and the gala GAFTA dinner – a very busy three days but great to see many folks that I only see very rarely. The GAFTA dinner is also about the only time in the year when I get to get all duded up in my tuxedo.
So, wheat do we see with US grain and oilseed prices this week --- not much change for corn prices, only down by a dollar or two m/t of the week. The farmers don’t seem to be selling much corn which is keeping the basis up while the futures slip a little – resulting in almost no change in cash prices..................please click PDF to see more details