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Weekly Cash Comments

Weekly Cash Commentary for week ending 06/10/2016

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Corn basis was off 1-cent on the week while US soy basis was down 3-cents for the week.

Corn basis took a modest 1-cent decline. Ethanol was down nearly 2-cents on the week. Corn river basis was up nearly a cent as export volumes continue to be seasonally robust for this time of year.

In soybeans, the strength in the futures market this week caused US soybean basis levels to slip by 3 cent. River basis was down five and a quarter. Soy plants were also down almost 5 cents on the week.

The risk of trading futures, hedging and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID 0307930)

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