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Mar 30, 2020

Grain Elevator Managers Feel the Strain

Business has been disrupted by trade wars, harvest delays and now a pandemic

source: AgWeek

The grain trade in the Upper Midwest seems bedeviled at every turn — unprecedented harvest woes, trade wars, and now a worldwide coronavirus scare, reports AgWeek.

Now that the US and China have signed phase one of a new trade deal, Tyler Stegman, general manager for Columbia Grain International LLC, told AgWeek he is cautiously optimistic that there will be a market again for the “normal” time period of the October to December.

He also says his elevator is handling a lot of corn, saying "it feels like corn harvest started a week and a half ago."

And in the background? COVID-19 is “another hiccup,” Stegman says, driving down prices and dampening farmer interest in selling.

Read the full report here.

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open: 6.6922
high: 6.8741
low: 6.6102
close: 6.6102

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open: 13.6782
high: 13.7587
low: 13.1333
close: 13.1536

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high: 9.6472
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open: 8.3873
high: 8.7783
low: 8.2498
close: 8.5389