date:Jun 16, 2014
an demand is focused on new-crop supplies, keeping FOB values for late September through December shipments well supported. June and July shipments were thinly offered at 92 cents a bushel over July futures. A sharp drop in farmer corn sales as prices slid to four-month lows this week kept a floor under cash corn basis values in the CIF and FOB markets.
FOB corn offers for June shipment were steady at 110 cents a bushel above the July futures contract. First-half June CIF corn barges needed to