date:Dec 25, 2012
On average across the US, spot corn basis managed a one cent gain for the week while spot beans were up 2 cents.
In the corn market, ongoing demand struggles for exports and ethanol has kept basis levels mostly stable. While December is a time of usually increasing basis levels, for this year December has seen only a modest 2 cent improvement in US average basis.
Weak export conditions have taken its toll on the Gulf where basis levels backed off 6 cents for the week. In the ethanol market, E