May 06, 2013 | Grain Hedge Insights | | Views: 204

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 plants were a key driver this week as 10 to 15 cent gains were fairly typical across NE, SD & IA this week. In addition, shipping along the flooded IL river last week seemed to ease this week which lifted river terminal basis levels by a dime or more at key terminals.

For soybeans, export business continues to slow which pushed basis levels down at most river facilities over the past week. On average, river terminals were off 3 cents a bushel. At domestic soybean crushing plants, basis levels were unchanged for the week, but Eastern Cornbelt soybean plants seemed to see some strength with 10-cent gains fairly typical in this region.

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Markets Up Sharply in the Overnight

December 18, 2014 | Grain Hedge Insights | Cody Bills

In the overnight session the grains are trading sharply higher with corn up 5 ¼ cents, soybeans up 7 ¼ cents and wheat up 15 ½ cents this morning. This morning we saw large single day reportable sales of 126,000 metric tons of corn to unknown destinations, 1.5 million metric tons of...

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Wheat Moves Higher On Talk of Russia

Wheat Moves Higher On Talk of Russia

December 17, 2014 | Grain Hedge Insights | Cody Bills

In the overnight session corn, soybean and wheat are all trading higher. Corn improved 3 ¼ cents, soybeans is up 3 ½ cents and wheat is trading 13 ½ cents higher this morning. The wheat market is continuing focus on the developments in Russia as yesterday’s announcement that the Veterinary...

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