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Ethanol plant basis bids across the Northern Plains remain firm in late April 2021. Plants at Fergus Falls, Hankinson, Casselton and Groton are bidding at or above May, July and September futures for April through September delivery.
Strong ethanol basis signals firm local cash corn demand from plants, supporting corn prices in the Northern Plains.
rrfn.comCarah HartApr 22, 2021Not 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.
