Grain TV: Argentina Strike Boosts Old Crop Corn
An announced strike by Argentina farmers helped boost old crop corn futures as China showed indications it might switch to U.S. corn to make up for shipping delays. Basis levels also showed some improvements to try to get farmers to make some more cash sales.
By Emily Unglesbee DTN Staff Reporter USDA boosted corn acres above pre-report expectations to 94.15 million acres, up 7% from last year. Soybean acres also rose to 83.69 million acres,