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.
The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID: 0307930)