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]
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]
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]
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]
River Woes Push Basis Lower
Basis slipped lower along the river system as many terminals north of St. Louis face the possibility of barge restrictions to the gulf
Basis came under pressure along much of the Midwest river system this week as terminals north of St. Louis slowed grain buying amid looming draft restrictions on the river due to low water levels. Basis levels for soybeans were off 4 cents on average along major river terminals this week,...[Read More]
Spike in Gulf Lifts Cash Basis
National corn and soybean basis showed strong gains this week on account of stronger Gulf bids
In the last week we observed a firm increase in national corn and soybeans basis in the cash market. On average across the nation we watched spot corn basis rise 2 cents, while beans added nearly 3 cents.
The river accounted for large basis increases this week with corn increasing on average...[Read More]
Soy Basis Heats Up on Export Driven Demand
Soybean basis up 3 points, corn basis stall due to weak export demand
Soybean basis was up 3 cents for the week as strong export business continues to lift interior basis levels. Robust business to China and others has helped fuel cash movement to Gulf ports. Year-to-date export shipments for soybeans are 57% higher than this time last year, and up 44%...[Read More]
Barge Rates Decline, Spurring Basis at River Terminals
Sharp decline in barge rates had a pronounced impact on soybean basis, while corn benefited only slightly
Finally, after two weeks of barge rate increases, we observed a sharp decline across the river system. The St. Louis rate declined 19% last week giving soybean basis along the river space to improve 11 ¼ cents between Oct. 25th and Oct. 31st. Movement of soybeans through Mississippi river...[Read More]