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February 25, 2013 | Grain Hedge Insights | Jackie Roembke | Views: 161

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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Big Export Sales Hit Soybean Market

October 23, 2014 | Grain Hedge Insights | Cody Bills

Corn and wheat futures are unchanged while soybeans are trading 3 cents higher coming out of the overnight session.

 

This morning’s export sales report showed continued strong demand for U.S. soybeans. The USDA reported 2,166,800 tonnes sold for the current marketing year, with China...

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Grains Continue Higher in the Overnight

October 22, 2014 | Grain Hedge Insights | Cody Bills

EXPORTERS SELL 419,000 TONNES U.S. SOYBEANS TO CHINA AND 113,000 T SOYBEANS TO UNKNOWN, ALL FOR 2014/15.

 

Soybeans surged another 12 cents higher in the overnight on very light news. A close above 972 ½ on the November 14 contract would be a strong technical signal that October’s price...

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