date:Feb 17, 2013
bean market continued its slump posting its third week in row of lower basis levels. Although basis levels on average were down only 1-cent a bushel, river markets posted a 2-cent loss on the week.
Strength on the Eastern Seaboard was apparent this week. Although high grain prices are taking their toll on cattle inventories and production, broker production continues to buck the trend showing 2% to 3% increases in broker numbers compared to last year. Soy processors were up 1 cent a bushel for