Corn and soybean futures were mostly higher Friday following significant gains earlier in the week.
Northstar Commodity chief analyst Mark Schultz says short-term demand continues to impress as famers become reluctant sellers.
“It’s been a little bit harder to pry corn from the farmers’ hands, or at least for them to make some sales. So we’ve seen the demand come back in for corn, basis levels firming up, and that wasn’t getting the job done.