CoBank: Grain Storage Outlook Improves for U.S. Elevators, But Bushels Remain Elusive
November 15, 2023
November 15, 2023
DENVER, Colorado, Nov. 15 (TNSres) -- CoBank, a cooperative bank that serves agribusinesses, rural infrastructure providers and Farm Credit associations, issued the following news release:
The profit outlook for U.S. grain elevators storing corn and soybeans has improved significantly for the 2023-24 marketing year with buy basis falling and carries returning to futures markets. The world market is currently awash in grains, and global supplies of corn and soybeans are abundant. The . . .
The profit outlook for U.S. grain elevators storing corn and soybeans has improved significantly for the 2023-24 marketing year with buy basis falling and carries returning to futures markets. The world market is currently awash in grains, and global supplies of corn and soybeans are abundant. The . . .