Overall corn and soybean basis was on the rise this week with ethanol basis leading the run higher.
Even with lower productions numbers we saw a 6 cent increase in ethanol basis to close the week. Corn along the river followed closely behind gaining 3 cents per bushel Potentially following lower export expectations from foreign exporters. Overall we saw a national increase of 4 cents per bushel.
Soybean river basis was the leader in the bean market this week gaining almost 5 cents per bushel. Higher weekly old crop exports could have led to stronger demand along the river. Nationally soybeans gained 1 cent per bushel. Crush facilities were in lockstep closing 1 cent higher as well.
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