As planters roll, basis continues strength
Author
Published
4/25/2019
Futures prices for corn and soybeans are nothing to shout about, but basis continues to move to stronger levels. Measured weekly, 2018 corn crop basis has rallied 50% since harvest and soybean basis has rallied 41% at an example central Iowa elevator (charts included below). Farmers should monitor local basis and perhaps lock in basis for later pricing.
Check out the basis maps for Iowa at this link.
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