date:Jan 21, 2013
nal average basis was steady even with last weeks -4.0/bu under CBOT March futures. For now producers should hold off sales looking for strengthening corn prices in the near term.
SOYBEAN futures on the Chicago Board of Trade (CBOT) closed up on Monday. JAN13 futures closed at $14.596/bu; up 35.0/bu and 49.0/bu over last report. The MAR13 contract closed at $14.180/bu; up 44.75/bu and 29.75/bu higher than last week at this time. NOV13 futures closed at $12.862/bu; up 20.0/bu over last Monday.