date:Dec 04, 2012
g year is offering support.
Basis held near a 3 month high in the Gulf of Mexico as traders scramble to get their hands on available supplies on the Mississippi River.
Rainfall is expected to be light in Midwest over the next 2 weeks which could drop Mississippi River water levels even further and may disrupt barge traffic.
China domestic crush margins have turned positive in the last couple weeks which could boost Chinese purchases of US soybeans before year end. The strong demand from Ch