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...[Read More]
Top Three Feed Industry Predictions for 2013
Sustainability, commodity prices, weather top AFIA president's list
While at the 2013 International Poultry & Production Expo (IPPE) in Atlanta, GA, from Jan. 29-31, I caught up with American Feed Industry Association (AFIA) president Joel Newman to discuss his top predictions for agriculture as we look into 2013. Topping his list:
- Focus on sustainability...
Weakening Gulf Basis Weighs on Soybeans
U.S corn and soybean basis diverged this week as soybean basis slumped in the face of corn strength.
Corn and soybean basis moved in opposite directions this week as farm soybean sales picked up and weakening Gulf bids pushed basis lower. For the week, corn basis was up 2 cents a bushel while soybean basis lost 2 cents a bushel.
For corn, basis levels were firmer by 3 cents a bushel at...[Read More]
Sweeping Change Ahead?
Settlement may provide guidance regarding OSHA
Since I began my tenure as Feed & Grain’s editor, OSHA’s 2009 Letter of Interpretation regarding bin entry and sweep auger operation has remained a point of strife and confusion among our readers.
In the letter, a response to an insurance agent’s inquiry about the restrictions involved with...[Read More]
Basis Levels Stagnant on Futures Rally
U.S. average soybean basis levels unchanged on the week as futures prices climbed following the January WASDE, and Grain Stocks report.
Both corn and soybean basis levels saw limited movement this week, as futures markets climbed on renewed concerns about short supplies. For the week, U.S. average corn and soybean basis were unchanged.
In the corn market, higher than expected feed use reported in last week’s USDA report cut...[Read More]
Navigating the New Year
Knowledge, guidance lies in past experiences
After almost a decade on the job, I can say with certainty, the last month of each year is a always a blur. Back-to-back issues, relentless deadlines, business travel, planning meetings — it all comes raining down in December. However, for me, it is also one of the most valuable times of the...[Read More]
Top 10 Products & Services of 2012
A collection of the most popular equipment and services of the year
Technology offers an infinite amount of data collection opportunities — too many, some may argue; however, the ease-of-access and accuracy of the information means nothing if you're not going to use it in a way that gives it relevance. When attempting to identify trends, programs like Google...
Soybean Basis Jumps while Corn Stays Sluggish
Soybean basis saw double-digit gains in many parts of the country, while lackluster export demand kept corn basis improvements modest
Soybean basis saw double-digit gains in many parts of the country this week as strong export bids and falling barge freight helped push basis levels higher. For the week, U.S. average soybean basis was up 4 cents a bushel while corn
Spot soybeans rose sharply on the river system this week,...[Read More]
Basis Levels Inch Higher
Basis levels were up modestly this week with sluggish demand keeping cash markets mostly quiet. On average across the U.S., spot corn basis managed a one cent gain for the week while spot beans were up 2 cents.
In the corn market, ongoing demand struggles for exports and ethanol has kept...[Read More]
Soy Basis Surges on Demand Strength
US average soybean basis levels were up 4 cents a bushel for the week, bolstered by a strong crush and export sector.
U.S. average soybean basis levels were up 4 cents a bushel for the week, bolstered by a strong crush and export sector.
The soybean basis strength was greatest around the river system especially southern reaches of the Mississippi river and the Ohio river. River markets on average gained 7...[Read More]