Corn grain basis was unchanged for the week, while soybeans posted a 2-cent advance.
In corn, basis levels were up one-cent a bushel at the Gulf export market, but river terminals were on average unchanged for the week. Barge rates dipped slightly on the week but did little to stimulate the river basis levels. For ethanol plants, basis levels were off 1-cent a bushel on average as strength in the corn futures market in the past week has helped keep pipeline supplies adequate.
For soybeans, basis levels improved for the first time in nearly 6 weeks. River terminals were up 6 cents a bushel with the Gulf export market posting a 7-cent advance. For soybean crushing plants, basis levels were up 4 cents a bushel in the past week.
