Weekly Cash Comments - October 07

Published on: 17:04PM Oct 07, 2016

National basis saw light movement after big losses during September.

Corn was the lightest mover this week off 1/4 cent nationally. Ethanol plants were virtually unchanged this week off only a tenth of a cent. EIA data on Wednesday was supportive for ethanol showing a 400,000 barrel draw-down in stocks pushing them to 20.18 million barrels. Corn river terminals saw positive gains up an average of 1 cent per bushel.

Soybeans saw mixed movement to close the week. On average, soybeans lost 1 1/4 cents. Crush facilities saw the largest move lower, down 4 1/2 cents per bushel. River facilities saw positive gains this week up 3 1/2 cents.

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