Weekly Cash Comments

February 27, 2015 | Grain Hedge Insights | Cody Bills

Corn basis saw modest growth this week advancing 2 cents a bushel on average across the country, but bean basis was unchanged thanks to higher futures and better farmer selling.

 

In corn, basis levels were up largely driven by strength at ethanol plants in the Western Cornbelt. On average, ethanol plants posted a 3-cent gains but in the Western Cornbelt plants were up 5 to 10 cents a bushel in some cases. 

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Grains Higher Going into Friday

February 27, 2015 | Grain Hedge Insights | Cody Bills

In the overnight the grains traded higher with corn up ¼ of a cent, soybeans up 3 ½ cents and wheat up 6 ¾ cents going into this morning’s pause. Wheat seems to be bouncing higher this morning after holding a major support level of $4.92 ¼ which was the low back on February 2nd. Today is first notice day for March grain contracts.

 

The trucker strike continues in Brazil even after the Government offered truckers a year of free financing for vehicles from the state development bank, an offer...

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