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February 25, 2013 | Grain Hedge Insights | Jackie Roembke | Views: 167

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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Markets Push Sharply Higher

Markets Push Sharply Higher

October 29, 2014 | Grain Hedge Insights | Cody Bills

Tune in to see Cody and Logan discuss the rally in corn, soybeans and wheat today. Cody and Logan discuss the soybean meal situation, talk about the next resistance levels for corn/soybeans and discuss export sales expectations for tomorrows report.

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Soybean Surge Continues

October 28, 2014 | Grain Hedge Insights | Cody Bills

Corn, soybeans and wheat have continued to move higher following yesterday’s technical breakout for soybeans. Coming into the morning trade break soybeans is up 15 cents, wheat is up 7 cents, and corn is up. A surging spot soymeal market as contributed to strength out of soybeans. Just in...

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