Grain basis levels continue to be mostly flat across the US with corn inching higher by 1-cent a bushel while soybeans was unchanged for the week.
In soybeans, there was little movement overall as soy plants and river terminals as a group held steady on the week. Slowing export demand along with a wind down in the season for soybean exports is keeping basis levels flat.
For corn, export business is beginning to pick up as a weaker US dollar in the past two weeks has improved the competitive position of corn in the world market. River terminals bid up corn basis by nearly 2 cents a bushel although the Gulf basis slumped by about 1 cent a bushel.
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