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Strong cash corn basis levels in Iowa, with the Big River ethanol plant in Dyersville bidding plus 40 to 45 cents over December futures, are drawing farmers to sell early as harvest begins. DTN analysts warn the best basis of the decade may not last once harvest ramps up.
Strong local cash bids from ethanol and feed buyers support corn demand and nearby prices, and may pull forward farmer selling that adds harvest supply.
dtnpf.comMatthew WildeSep 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
