Change in Basis for Ethanol Plants

March 5, 2009 06:00 PM
 

The following information is bonus material from Top Producer. It corresponds with the article "Ethanol takes a backseat,” in the Outlook section, by Linda H. Smith in the March 2009 issue.


Although corn basis rose 4¢/bu. in early February, ethanol plants as a group were off 4¢, reports Kevin McNew, president of Cash Grain Bids. "Every state showed weaker basis levels for ethanol plants on average. It is clear that ethanol buyers are taking a backseat this year on corn demand.”

Change in Basis (¢/bu.)
State Ethanol Plants All Grain Buyers
Colorado -12 3.7
Iowa -3.4 3.0
Illinois -6.7 9.8
Indiana -1.3 3.9
Michigan -3.5 2.5
Minnesota -3.9 3.9
Missouri -6.0 6.8
North Dakota -3.3 5.1
Nebraska -3.5 3.1
Ohio -1.4 3.1
South Dakota -2.9 3.6
Wisconsin -4.5 1.1


For More Information
Cash Grain Bids

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