# US corn basis firm on strong ethanol margins even as harvest wraps up

> US corn basis strengthened through November 22 as the harvest closes, supported by high ethanol production and farmers holding back sales. Iowa basis was about 19.87 cents under December futures, well below the five-year November average of 33 cents.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44069-us-corn-basis-firm-on-strong-ethanol-margins-even-as-harvest-wraps-up
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Farmers withholding grain until January tightens nearby cash supply and keeps basis firm, supporting local corn prices for feed buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/112321-us-corn-basis-firm-on-strong-ethanol-margins-even-as-harvest-wraps-up

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.