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Weekly Cash Comments

Weekly Cash Commentary for week ending 08/05/2016

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National basis was mixed to end the week.

Corn basis showed the most volatility this week. On average, corn basis rose half a cent driven by the central plains and ethanol plants. Ethanol plants gained almost 2 cents per bushel. This was partly driven by higher demand in Brazil for U.S. Ethanol. Corn along the river defied the trend and lost almost 6 cents per bushel.

Overall, soybeans were the biggest loser this week off more than 8 cents per bushel. Crush facilities lost 4 Β½ cents. Even with strong exports, basis losses along the river were off 7 ΒΌ cents keeping in step with corn losses.

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