Create a free Feed & Grain account to continue reading

Weekly Cash Comments

Weekly Cash Commentary for week ending 10/21/2016

Kevin Blog Headshot Headshot

Corn and soybeans were off yet again but potentially nearing a bottom.

National corn basis was off by nearly 1 cent per bushel this week. Ethanol facilities were again the big movers this week, off by 2 1/4 cents. River basis is beginning to find support from exports and low barge freight.

Cash soybeans were off an average of 2 cents per bushel this week. Crushing plants and river terminals were off by 3/4 of a cent. Monday saw some big hits to spot bean basis with losses at 5 to 10 cents at some key river terminals and processors. Basis levels at interior crushing plants are running about 25 cents below normal for this time of year while river terminals are only off about 15 from the historical norm thanks to surging exports and lower barge freight.

The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID: 0307930)

Page 1 of 243
Next Page