Create a free Feed & Grain account to continue reading

Weekly Cash Comments

Cash Commentary for week ending 11/20/2015

Cody Headshot

Grain basis was mixed this week as soybean basis took a break from its steep incline since harvest to finish the week unchanged, while corn basis continued to press higher advancing 2 cents a bushel.

In corn, gains were largely driven by ethanol plants this week. As a group, they were up 3 cents a bushel, but in the Western Cornbelt there was fairly widespread gains of 5 to 10 cents a bushel. At river terminals, basis levels were in line with the US average gain of 2 cents a bushel as Gulf export bids remained flat for the week.

For soybeans, the biggest driver this week was a lower Gulf basis, which gave up 6 cents a bushel. That had an impact at upstream river terminals, which lost 3 cents on the week. Soy plants were unchanged as a group for the week.

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

Page 1 of 243
Next Page