October 21, 2013 | Grain Hedge Insights | Elise Schafer | Views: 898

Basis Levels Taper Their Decline

Basis levels tapered their decline this week with corn basis off 2 cents on the week and soybean basis unchanged

Grain basis levels were mostly steady to weaker over the last week as harvest continues to add supplies to the pipeline. For the week, US average corn basis was down 2 cents a bushel while soybean basis was unchanged.

For corn, much of the weakness this week was confined to the Northern...

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October 07, 2013 | Grain Hedge Insights | | Views: 820

Corn Basis Drops for the Sixth Consecutive Week

Corn basis dropped 11 cents amid harvest pressure while soybean basis also lost ground, falling 3 cents for the week ending Oct. 3

Corn basis slid for the sixth consecutive week falling another 11 cents this week amid harvest pressure, while Soybean basis lost 3 cents for the week ending October 3rd.

Harvest pressure has already been affecting basis for a few weeks, so when will basis bottom? Figure 1 illustrates that in...

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September 16, 2013 | Grain Hedge Insights | | Views: 858

Southern Crops Provide Slight Relief

Corn moves North by barge and rail to the Midwest in an attempt to replenish tight pipeline supplies

Corn and soybean spot basis were hammered this week as end users see some relief from newly harvested southern crops. For the week, spot corn basis was off 50 cents a bushel while spot beans were off 35 cents a bushel.

In the corn market, early season harvesting in the South continues to move...

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September 10, 2013 | Grain Hedge Insights | | Views: 865

Corn Basis Drops Sharply

Corn basis dropped 15 cents as new crop supplies become more available in northern states

This week we saw corn drop 15 cents between Tuesday, September 3rd and Thursday, September 5th. Basis was pulled lower by the southern harvest and grain movement up river. Soybeans picked up a penny during that same time period in a lull before harvest pressure begins to weigh on the market.

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August 26, 2013 | Grain Hedge Insights | | Views: 751

Soybean Basis Drops After Sharp Rally in the Futures Market

Corn basis improved 3 ¼ cents on average supported by tight stocks and a less dramatic rally in the futures market

Soybean basis dropped sharply, falling 25 cents throughout the country. The explosive rally in the futures market helped increase farmer selling causing grain buyers to back off old crop basis. Corn basis improved 3 ¼ cents on average throughout the country supported by tight stocks and a...

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August 19, 2013 | Grain Hedge Insights | | Views: 758

More Basis Volatility in the Grains

The national average corn basis slipped 2 cents this week while soybeans pushed 8 cents higher

Cash market volatility continued this week as tight near-term supplies combined with an outlook for ample production in the coming months keep buyers moving basis erratically. For the week, corn posted an average gain of 2-cents a bushel, while soybeans were up 8 cents on average.

In the corn...

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May 06, 2013 | Grain Hedge Insights | | Views: 804

Corn Basis Finds Strength From Ethanol

Corn, soybean basis rebounded this week

Both corn and soybean basis levels found strength this week as tight farmer selling and the prospects of a late harvest next fall push basis levels up. Spot corn basis was up 2 cents a bushel while soybean basis climbed nearly 4 cents a bushel for the week.

In corn, basis levels at ethanol...

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April 29, 2013 | Grain Hedge Insights | | Views: 790

Grain Basis Slips

Flooding along the Illinois river continued to negatively impact basis across the U.S this week.

Cash grain markets felt pressure this week from river flooding and the inverse carry in the futures market. For the week, US average corn basis slipped 3 cents a bushel while average spot soybean basis was off 2 cents a bushel.

Flooding along the Illinois River left many grain elevators shut...

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March 19, 2013 | Grain Hedge Insights | Elise Schafer | Views: 812

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...

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March 10, 2013 | Grain Hedge Insights | Jackie Roembke | Views: 809

Corn and Soybean Basis Stalls

Corn and soybean basis was mixed across the United States this week with some river terminals showing positive basis gains while others terminals declined

Corn and bean basis were stagnate this week showing no change on average across the country over the past week.

At the Gulf, corn basis found modest strength of 4 cents a bushel but river terminals along the river were mixed. Areas south of St Louis have seen basis retreat while areas along...

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