On average, national basis was lower this week with corn off 2 cents a bushel and soybeans lost almost 3.5 cents per bushel.
Even with strong exports this week, corn river basis was off the most this week, losing 7 ¾ cents per bushel. However, corn barge basis has moved up 10 cents in the last two days which could indicate expectations for continued export strength. Ethanol plant basis was lower as well, off almost 3 cents per bushel.
Soybean crush facilities were off almost 4 ½ cents this week, losing all of last week’s gains. Along the river, soybean terminals lost 1 ½ cents. Soybean barge basis was down as well, off 11 cents, potentially following the drop in exports this week.
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