Grain Elevators Weigh Opportunities for Improved Margins
Wide carry in futures markets, weak harvest basis and low transportation rates suggest positive prospects for elevators
DENVER (November 29, 2017) – The coming year is likely to offer opportunities for grain elevators to secure positive margins, according to a new report from CoBank’s Knowledge Exchange Division. Significant carry, a weak harvest basis and low transportation rates point to improved margins for 2018. Additionally, a wet fall in the Eastern Corn Belt and Northern Plains will likely improve drying revenue in those areas.