U.S. harvest gets under way
Harvest is starting to ramp up across the United States, and as it does, the trade is trying to determine what final crop sizes will be.

It will take several weeks for this to be known, however, possibly not until harvest is fully complete. The real question in the market is what will be done with these new crop bushels. It appears as though farmers will store as much of their production as possible in hopes of higher prices later in the marketing year.

This is keeping basis firm in several regions of the U.S. as buyers want to keep new bushels flowing.

All attention in the United States is on the current harvest season, but in South America, all attention is on planting. As the planting season gets under way in South...