National basis levels were up across the country this week with Ethanol plants leading the rise higher.
Even with another strong week of ethanol production and a large supply of stocks, we saw plant basis rise almost 5.88 cents. Corn river basis followed closely with an increase of 5.5 cents. Overall Corn basis rose a little more than 4 cents this week.
National soybean basis closed higher as well. Basis along the river saw the largest increase closing 2.5 cents higher. Soybean crushing facilities saw a relatively small basis increase of 1.6 cents.
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