JUST LEARNING - 3/27/2015 09:40

Just got 18 cents over bid on 20,000 bu from a processor who needed the corn. Last week I talked to a buyer who thought farmers would start to unload if prices got into that 3.90-4.00 futures range, well here we are and I'm still getting phone calls. Basis is improving still even with the recent "spike" in prices. Farmers are either real stubborn or most have already moved a lot of their grain. Maybe guys just don't need the money now. I was expecting to see some basis pressure, but it hasn't happened yet.