date:Dec 29, 2012
Cash corn basis was firm midday as futures moved lower and on light farmer sales. The trade is looking ahead to the January 11th stocks report with some expecting a modest cut to the 2012/13 ending stocks estimate of 647 million bushels.
Thoughts that feed demand has exceeded market expectations and acreage abandonment is higher than current projections are providing some long term support to futures.
January Rice finished down 0.155 at 14.995, equal to the high and equal to the low.
Soy Fut