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March 19, 2013 | Grain Hedge Insights | Elise Schafer | Views: 438

Basis Along River Ticks Lower

Average soybean basis across the US was down 1 cent on account of declining river markets, while corn basis remained unchanged on the week.

Average soybean basis across the US was down 1 cent on account of declining river markets, while corn basis remained unchanged on the week.

Soybean plants gained one cent on the week but weakness along the river pulled basis lower throughout the country. Soybean basis at the gulf dropped 3 cents which negatively impacted terminals along the river. Terminals along the Ohio River were affected most and declined by an average of 4 cents since last Thursday.

This week’s average U.S corn basis remained unchanged despite the gulf moving 2 cents lower and the rest of the river declining by an average of ¾ of a cent. The rally in the futures market since last Thursdays lows helped improve farm selling and capped basis from advancing higher. 

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Grains Weaker Overnight

April 27, 2016 | Grain Hedge Insights | Kevin McNew

Grains were weaker overnight but seemed to finding some pullback heading into the morning break. Meanwhile, crude oil continues to hit fresh highs on this rally, posting a $1 a barrel gains going into the day while equity futures were sharply lower.

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