date:Sep 04, 2013
to really get going by the 2nd week of September. Basis values are beginning to soften in these regions as fresh supply comes to market and deliveries are made to the local terminals and elevators.
Soft cash markets are considered a negative influence on the futures market and new crop spreads. The December 2013 vs. December 2014 and July 2014 vs. December 2014 was weaker today and added to their carries.
Ethanol margins remain strong across the Midwest but production has backed off significa