CoBank: Rising Cost of Grain Storage Will Force Elevators to Lower Bids, Widen Basis
June 01, 2023
June 01, 2023
DENVER, Colorado, June 1 (TNSres) -- CoBank, a cooperative bank that serves agribusinesses, rural infrastructure providers and Farm Credit associations, issued the following news release:
The cost of storing grain, commonly referred to as the cost of carry, has soared to record highs due to rising interest rates, high commodity prices and increasing costs for labor, insurance, transportation and energy. That is putting a significant squeeze on grain elevators, which may be forced to . . .
The cost of storing grain, commonly referred to as the cost of carry, has soared to record highs due to rising interest rates, high commodity prices and increasing costs for labor, insurance, transportation and energy. That is putting a significant squeeze on grain elevators, which may be forced to . . .