Supplies of old crop corn remain more than adequate, and cold weather is increasing transportation costs. But selected processors around the
Average basis in the eastern
Otherwise, basis was mostly flat for crops as winter dragged on, with winter weather hampering traffic. Processors are still not bidding up soybeans again in most locations due to poor crush margins depressed by hand-to-mouth buying of meal by feeders.
To read Bryce Knorr's complete weekly basis review, click HERE.