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Weekly Cash Comments

Weekly Cash Commentary for week ending 04/29/2016

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Grain basis was flat this week with both corn and soybean basis holding steady at week ago levels.

However, the river markets continue to push basis levels higher as export demand continues to be robust, especially for this time of year. Corn basis at river terminals averaged a 2-cent advance on the week while soybean basis was up only modestly.

End users as a group were relatively flat this week with no significant change in corn or soybean plant basis on the week.

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