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Weekly Cash Comments

Weekly Commentary for week ending 10/15/2015

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Corn basis was off again by 1 cent while soybeans saw a 3 cent advance as futures dropped sharply off two year highs.

Corn basis along the Gulf and river followed the national trends and were off a modest 1 cent per bushel. Export business this week was slightly lower than expected, partially driving the basis shifts. Ethanol plants surprised the market and were also off 1 cent even with record production levels.

Soybean crushing facilities saw the largest basis increase this week, up 5 ΒΌ cents. River terminals and the gulf facilities were not far behind with increases of 4 Β½ cents, responding in part to strong soybean exports this week.

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