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ADM waiving corn drying charges at three facilities

Archer Daniels Midland Company says it is waiving grain drying charges at three of its processing locations as it seeks supplies to keep the plants running at optimum levels through a slow, wet harvest period.

In a statement provided to Brownfield, ADM says they are not charging farmers to dry corn unless it is above 19% moisture at their corn wet mills in Cedar Rapids and Clinton, Iowa and Decatur, Illinois.

ADM says it recently started a new moisture scale for corn buying and are shrinking corn down to 15% moisture using the standard industry shrink rate at those facilities. Regular prices depend on current market conditions and vary by location.