# Basis Outlook - Can corn avoid summer blues? - Alliance Grain

> Alliance Grain reports that corn basis weakened about half a cent in the prior week on softer demand. Export shipments are sluggish and ethanol margins remain negative, while basis in many areas is well above average. Soybean basis strengthened on robust export demand tied to a record book of unshipped sales.

- Date: 2019-07-22 · published 2019-07-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58130-basis-outlook-can-corn-avoid-summer-blues-alliance-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak corn basis and sluggish exports point to limited cash-market support, while strong soybean export demand supports soy basis. Storage and old-crop marketing decisions depend on whether the expected small 2019 crop lifts futures.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Sources

- alliance-grain.com: https://www.alliance-grain.com/story-basis-outlook-corn-avoid-summer-blues-22-192545

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