# Outlook for grain elevators reliant on trade, logistics, competitor production - High Plains Journal

> A CoBank report expects normal grain elevator margins across most of the Midwest this year. It warns that soybean basis gains will face resistance because of ample supplies and weak demand, while corn basis stays strong on robust feed and ethanol demand.

- Date: 2018-12-09 · published 2018-12-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/61478-outlook-for-grain-elevators-reliant-on-trade-logistics-competitor-production
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak soybean demand suggests soybean basis will not rally much, which keeps soybean prices pressured at harvest. Strong corn feed and ethanol use supports corn basis and cash prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-25 | [WASDE sees more soy exports, crush, supply, competition - High Plains Journal](https://feedsoft.ai/events/30320-wasde-sees-more-soy-exports-crush-supply-competition-high-plains-journal.md) | -5.1% | -6.8% |
| SOY | 2026-01-23 | [Mount Corn grows bigger - High Plains Journal](https://feedsoft.ai/events/21085-mount-corn-grows-bigger-high-plains-journal.md) | +0.8% | +6.9% |
| SOY | 2024-01-13 | [Grain Journal \| USDA January World Agricultural Production Report:…](https://feedsoft.ai/events/13594-grain-journal-usda-january-world-agricultural-production-report.md) | +1.5% | -1.1% |
| SOY | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | -0.7% | +1.6% |
| SOY | 2024-08-23 | [Plenty of supply on hand WASDE says - High Plains Journal](https://feedsoft.ai/events/28823-plenty-of-supply-on-hand-wasde-says-high-plains-journal.md) | +3.5% | +7.5% |
| CORN | 2025-01-15 | [Corn production slashed, sorghum rises in latest USDA Feed Outlook \| Feed & Grain](https://feedsoft.ai/events/26568-corn-production-slashed-sorghum-rises-in-latest-usda-feed-outlook-feed-and-grain.md) | +2.0% | +2.6% |
| CORN | 2019-09-13 | [September WASDE offers limited good news for growers - High Plains Journal](https://feedsoft.ai/events/9440-september-wasde-offers-limited-good-news-for-growers-high-plains-journal.md) | +3.9% | +5.5% |
| CORN | 2025-02-07 | [Mixed fundamentals ahead for corn prices - High Plains Journal](https://feedsoft.ai/events/11096-mixed-fundamentals-ahead-for-corn-prices-high-plains-journal.md) | +1.5% | -6.3% |

## Sources

- hpj.com: https://hpj.com/2018/12/09/outlook-for-grain-elevators-reliant-on-trade-logistics-competitor-production/

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