February 25, 2013 | Grain Hedge Insights | Jackie Roembke | Views: 117

Bean Basis Softens on Price Rally

Average soybean basis slipped a penny in response to this weeks bean rally; corn basis firmed amid lackluster price action

Soybean basis lost one-cent a bushel on average across the country this week, while corn basis managed to post a modest one-cent gain for the week.

Gains in corn basis were most notably tied to ethanol plants, which saw a 2-cent gain over the last week. Ethanol margins continue to improve off their lows from the start of the year as ethanol prices have firmed and corn prices have eased off. At the Gulf, corn basis was unchanged and limited changes occurred along river terminals as barge rates were mostly stable.

For beans, basis levels were off 1-cent a bushel across the country this week. Soybean crushing plants were lower by 2-cents a bushel, while some processors in the Eastern Cornbelt were off 5 to 10-cents on the week. River markets were slightly stronger as export business continues to be strong for this time of year.

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Crop Conditions Slip

July 29, 2014 | Grain Hedge Insights | Cody Bills

 Alert: First Notice for August Soybeans is on Thursday, July 31st. Grains are trading lower in Chicago, with corn down 3 cents, soybeans off 10 and wheat unchanged to lower. This morning there were reportable sales of 135,000 metric tons of new crop Soymeal to unknown destinations and...

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Soybeans Pop

Soybeans Pop

July 28, 2014 | Grain Hedge Insights | Cody Bills

Tune in as Cody describes the 24-cent higher move soybeans made and how new crop soybean sales are helping it out. Export inspections, weather outlook and crop conditions also were covered in this report.

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