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Grain TV: Strong Downside Risk in Corn Basis

Ernst Undesser
By Grain TV August 28, 2013

Grain TV: Strong Downside Risk in Corn Basis

Ethanol crush numbers declined for the third week, mirroring a decline in corn basis levels. Growers may want to clean out the bins of any remaining old crop corn as there’s strong risk of the downside continuing. U.S. wheat is showing uncompetitive on the global market and prices are expected to stay depressed at least until the September WASDE.

Ernst Undesser
By Grain TV August 28, 2013