National basis was mixed yet again. Soybeans saw slight basis gains while corn moved lower.
On average, corn lost ½ a cent per bushel. Ethanol basis followed in lockstep, losing ½ a cent as well. Even with strong exports this week, corn along the river dropped of 5 ½ cents per bushel.
Soybean crush facilities lead the move higher gaining 4.64 cents per bushel. Reports of increased worldwide demand for soyoil could be helping. Overall soybean basis edged up 1.5 cents this week on strong export demand. Soybean river basis broke the trend and was off almost a cent to close the week.
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