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The Hightower Report said, “A $5 rally in crude overnight but corn is steady to slightly lower this morning. We were surprised how well corn held up Friday in the face of a more than $10 drop in crude but today the market is not reacting. Weather remains a mostly bearish factor as corn planting is slowly moving forward but more rain is expected this week in the lower Midwest, although the Plains will be mostly dry, along with the southeast U.S.” Matthew Lucas at Total Farm Marketing said, “Basis levels for barge shipments to the Gulf and rail shipments to the Pacific Northwest have firmed as exporters work to secure supplies amid strong demand, while producer selling remains limited following the recent price pullback.”





