date:May 29, 2013
throughout the US, improving by only 1 cents on average across the country. Ethanol plant bids were mostly unchanged which was supported by firm ethanol grind margins and a strong ethanol production report on Wednesday. Corn basis along the river improved 2 cents.
To illustrate how rapidly bean basis has fallen, below is a one month chart of soybean basis at two key soybean markets in Illinois. The drop in basis has been incredibly sharp which has offset the equally sharp move higher in July