Daily Basis Update

2022-05-19T16:17:09-05:00May 19th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, May 19. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 9.36 cents under July futures This was 0.6 cent stronger for the day and 2.48 [...]

Daily Basis Update

2022-05-18T16:18:51-05:00May 18th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, May 18. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 9.96 cents under July futures This was 1.08 cents stronger for the day and 2.26 [...]

Daily Basis Update

2022-05-17T16:19:19-05:00May 17th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 17. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 11.04 cents under July futures This was 0.52 cent stronger for the day and 1.71 [...]

Daily Basis Update

2022-05-16T16:16:07-05:00May 16th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 16. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 11.56 cents under July futures This was 0.18 cent stronger for the day and 1.82 [...]

Corn Basis: Getting Stronger

2022-05-16T07:20:47-05:00May 16th, 2022|Basis|

The 2021-2022 corn basis market (solid green line) is getting stronger and building momentum every week now. Last Friday saw the Barchart National Corn Basis Index (NCBI, weighted national average basis) calculated at 11.7 cents under July futures as compared [...]

Daily Basis Update

2022-05-15T16:46:58-05:00May 15th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, May 13. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 11.74 cents under July futures This was 0.10 cent stronger for the day and 2.30 [...]

HRS Wheat Basis: On Par

2022-05-13T09:06:42-05:00May 13th, 2022|Basis|

The 2021-2022 HRS wheat basis market (green line) continues to hold near the previous 5-year average weekly closes (purple line), indicating the market has found equilibrium. What I mean is merchandisers are allowing the Minneapolis futures market to do most [...]

Daily Basis Update

2022-05-12T16:42:10-05:00May 12th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, May 12. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 11.84 cents under July futures This was 0.46 cent stronger for the day and 2.56 [...]

SRW Wheat Basis: The Outlier

2022-05-12T10:10:14-05:00May 12th, 2022|Basis|

The one basis market that continues to run bearish is SRW wheat. Here we see the Barchart National SRW Wheat Basis Index (SWBI, weighted national average basis) calculated at 61.5 cents under July Chicago (SRW) futures Wednesday afternoon, keeping the [...]

Daily Basis Update

2022-05-11T16:17:41-05:00May 11th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, May 11. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 12.22 cents under July futures This was 0.53 cent stronger for the day and 2.64 [...]

Daily Basis Update

2022-05-10T16:32:57-05:00May 10th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 10. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 12.75 cents under July futures This was 0.63 cent stronger for the day and 2.17 [...]

Daily Basis Update

2022-05-09T16:17:59-05:00May 9th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 9. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 13.38 cents under July futures This was 0.66 cent stronger for the day and 1.54 [...]

Daily Basis Update

2022-05-08T18:50:03-05:00May 8th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, May 6. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 14.04 cents under July futures This was 0.36 cent stronger for the day and 3.85 [...]

Daily Basis Update

2022-05-05T16:15:49-05:00May 5th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, May 5. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 14.40 cents under July futures This was 0.46 cent stronger for the day and 4.29 [...]

Daily Basis Update

2022-05-04T16:18:03-05:00May 4th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, May 4. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 14.86 cents under July futures This was 0.06 cent stronger for the day and 3.83 [...]

Daily Basis Update

2022-05-03T16:26:40-05:00May 3rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 3. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 14.92 cents under July futures This was unchanged for the day and 4.59 cents stronger [...]

Corn Basis: Learning to Fly

2022-05-02T16:36:34-05:00May 2nd, 2022|Basis|

The first official calculation of the Barchart National Corn Basis Index (NCBI, weighted national average basis) versus July futures came in Monday at 14.9 cents under Monday. This was:  3.0 cents stronger for the day 4.6 cents stronger than last [...]

Daily Basis Update

2022-05-02T16:22:19-05:00May 2nd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 2. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 14.92 cents under July futures This was 2.97 cents stronger for the day and 4.63 [...]

Daily Basis Update

2022-04-30T06:28:40-05:00April 30th, 2022|Basis|

Theoretical national average basis changes for Friday, April 29 have been calculated. Starting Monday, May 2 this analysis will be returning to the previous format, coming out in the afternoon. Corn: Basis firmed The Barchart National Corn Price Index gained [...]

Daily Basis Update

2022-04-29T04:11:35-05:00April 29th, 2022|Basis|

Theoretical national average basis changes for Thursday, April 28 have been calculated. Corn: Basis was steady to firm The Barchart National Corn Price Index was unchanged to July The DTN National Corn Index gained 0.14 cent on July The fact [...]

Daily Basis Update

2022-04-28T07:07:50-05:00April 28th, 2022|Basis|

Theoretical national average basis changes for Wednesday, April 27 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index gained 0.82 cent on July The DTN National Corn Index gained 0.97 cent on July The theoretical calculation using [...]

Daily Basis Update

2022-04-27T04:53:17-05:00April 27th, 2022|Basis|

Theoretical national average basis changes for Tuesday, April 26 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index gained fractionally on July The DTN National Corn Index gained 0.24 cent on July The theoretical calculation using the [...]

Daily Basis Update

2022-04-26T06:57:15-05:00April 26th, 2022|Basis|

Theoretical national average basis changes for Monday, April 25 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index lost 0.11 cent to July The DTN National Corn Index lost 0.32 cent to July With delivery starting late [...]

Daily Basis Update

2022-04-25T04:49:15-05:00April 25th, 2022|Basis|

Theoretical national average basis changes for Friday, April 22 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index lost fractionally to May futures and lost fractionally to July The DTN National Corn Index gained 0.32 cent on [...]

Daily Basis Update

2022-04-22T05:03:19-05:00April 22nd, 2022|Basis|

Theoretical national average basis changes for Thursday, April 21 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index gained 1.16 cents on May futures but lost 0.59 cent to July The DTN National Corn Index lost 2.52 [...]

Daily Basis Update

2022-04-21T04:51:36-05:00April 21st, 2022|Basis|

Theoretical national average basis changes for Wednesday, April 20 have been calculated. Corn: Basis was steady to firm The cmdty National Corn Price Index lost 1.49 cents to May futures but gained 0.01 cent to July The DTN National Corn [...]

Daily Basis Update

2022-04-20T04:26:48-05:00April 20th, 2022|Basis|

Theoretical national average basis changes for Tuesday, April 19 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index gained 1.3 cents on May futures but lost 0.70 cent to July The DTN National Corn Index gained [...]

Daily Basis Update

2022-04-19T04:29:27-05:00April 19th, 2022|Basis|

Theoretical national average basis changes for Monday, April 18 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index gained 0.16 cent on May futures but lost 0.09 cent to July The DTN National Corn Index gained [...]

Daily Basis Update

2022-04-15T08:30:21-05:00April 15th, 2022|Basis|

Theoretical national average basis changes for Thursday, April 14 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index lost 0.63 cent to May futures but gained 0.37 cent on July The DTN National Corn Index lost 0.86 [...]

Daily Basis Update

2022-04-14T04:42:20-05:00April 14th, 2022|Basis|

Theoretical national average basis changes for Wednesday, April 13 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index lost 1.49 cents to May futures but gained 0.26 cent on July The DTN National Corn Index lost 0.83 [...]

Daily Basis Update

2022-04-13T05:05:08-05:00April 13th, 2022|Basis|

Theoretical national average basis changes for Tuesday, April 12 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index gained 1.68 cents on May futures but lost 0.32 cent to July The DTN National Corn Index gained 1.66 [...]

Daily Basis Update

2022-04-12T04:51:40-05:00April 12th, 2022|Basis|

Basis changes for Monday, April 11 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index gained 1.73 cents on May futures but lost 0.52 cent to July The DTN National Corn Index gained 1.77 cents on May [...]

Daily Basis Update

2022-04-11T04:51:13-05:00April 11th, 2022|Basis|

Basis changes for Friday, April 8 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index lost 0.39 cent to May futures but gained 0.11 cent on July The DTN National Corn Index lost 0.33 cent to May [...]

Daily Basis Update

2022-04-08T04:58:14-05:00April 8th, 2022|Basis|

Basis changes for Thursday, April 7 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index gained 1.31 cents on May futures but lost 0.69 cent to July The DTN National Corn Index gained 1.19 cents on May [...]

Daily Basis Update

2022-04-07T04:50:19-05:00April 7th, 2022|Basis|

Basis changes for Wednesday, April 6 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index gained 1.61 cents on May futures but lost 0.39 cent to July The DTN National Corn Index gained 1.62 cents on May [...]

Daily Basis Update

2022-04-06T04:49:08-05:00April 6th, 2022|Basis|

Basis changes for Tuesday, April 5 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index lost fractionally to May futures but gained 0.23 cent on July The DTN National Corn Index lost 0.28 cent to May [...]

Daily Basis Update

2022-04-05T04:41:27-05:00April 5th, 2022|Basis|

Basis changes for Monday, April 4 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index gained 1.2 cents on May futures but lost 0.8 cent to July The DTN National Corn Index gained 3.16 cents on May [...]

Daily Basis Update

2022-04-04T04:54:56-05:00April 4th, 2022|Basis|

Basis changes for Friday, April 1 have been calculated. Corn: Basis weakened The cmdty National Corn Price Index lost 1.19 cents to May futures and 3.69 cents to July The DTN National Corn Index lost 0.36 cent to May and [...]

Daily Basis Update

2022-04-01T05:10:47-05:00April 1st, 2022|Basis|

Basis changes for Thursday, March 31 have been calculated. Corn: Basis was weakened The cmdty National Corn Price Index lost 2.02 cents to May futures and 4.27 cents to July The DTN National Corn Index gained 2.09 cents on May [...]

Daily Basis Update

2022-03-31T05:02:02-05:00March 31st, 2022|Basis|

Basis changes for Wednesday, March 30 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index lost 0.48 cent to May futures and 0.23 cent to July The DTN National Corn Index gained fractionally on May and [...]

Daily Basis Update

2022-03-30T05:07:45-05:00March 30th, 2022|Basis|

Basis changes for Tuesday, March 29 have been calculated. Corn: Basis firmed The cmdty National Corn Price Index gained 0.36 cent on May futures and 0.11 cent to July The DTN National Corn Index gained 0.91 cent on May and [...]

Daily Basis Update

2022-03-29T05:19:35-05:00March 29th, 2022|Basis|

Basis Changes for Monday, March 28 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index gained 1.15 cents on May futures and lost 0.1 cent to July The DTN National Corn Index gained 1.18 cents on [...]

Daily Basis Update

2022-03-28T05:12:19-05:00March 28th, 2022|Basis|

Basis Changes for Friday, March 25 have been calculated. Corn: Basis was steady to firm The cmdty National Corn Price Index gained 1.3 cents on May futures and 0.8 cent on July The DTN National Corn Index gained 0.5 cent [...]

Daily Basis Update

2022-03-25T05:03:50-05:00March 25th, 2022|Basis|

Basis Changes for Thursday, March 24 have been calculated. Corn: Basis was mixed The cmdty National Corn Price Index gained 1.2 cents on May futures but lost 2.1 cents to July The DTN National Corn Index gained 2.6 cents on [...]

Daily Basis Update

2022-03-24T04:59:59-05:00March 24th, 2022|Basis|

Basis Changes for Wednesday, March 23 have been calculated. Corn: Basis was steady to firm The cmdty National Corn Price Index gained 2.0 cents on May futures and 1.8 cents on July The DTN National Corn Index gained 0.2 cent [...]

Daily Basis Update

2022-03-23T07:31:16-05:00March 23rd, 2022|Basis|

True to my nature, in trying to make a complicated situation more logical, I made it more complicated. Here's the problem: The US has run tight or out of most grain and oilseed supplies. This has led to strong inverses [...]

Daily Basis Update

2022-03-21T16:40:25-05:00March 21st, 2022|Basis|

I am working on making these Daily Basis Updates more reflective of the actual cash market situation. My goal is to have something ready to post Tuesday morning. Thank you for your patience. The bottom line is I continue to [...]

Daily Basis Update

2022-03-18T16:20:57-05:00March 18th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, March 18. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 32.96 cents under May futures This was 0.84 cent stronger for the day but 0.46 [...]

Daily Basis Update

2022-03-17T16:18:53-05:00March 17th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, March 17. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 33.80 cents under May futures This was 0.19 cent weaker for the day and 2.25 [...]

Daily Basis Update

2022-03-16T16:22:02-05:00March 16th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, March 16. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 33.61 cents under May futures This was 1.69 cents stronger for the day but 1.51 [...]

Daily Basis Update

2022-03-15T16:19:12-05:00March 15th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, March 15. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 35.30 cents under May futures This was 1.06 cents weaker for the day and 2.36 [...]

Soybean Basis: Holding Steady

2022-03-15T07:15:35-05:00March 15th, 2022|Basis|

The 2021-2022 national average soybean basis market (thick green line) seems to be stabilizing after the round of weakening seen during January and February. Much of that weakness was seasonal, as indicated by the previous 5-year average weekly closes (purple [...]

Daily Basis Update

2022-03-14T16:18:43-05:00March 14th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, March 14. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 34.24 cents under May futures This was 1.74 cents weaker for the day and 0.72 [...]

Corn Basis: A Mixed Read

2022-03-14T07:20:21-05:00March 14th, 2022|Basis|

It has been an interesting number of weeks for the 2021-2022 corn basis market (solid green line), with Friday's calculation of the cmdty National Corn Basis Index (NCBI, weighted national average) coming in at 32.5 cents under May futures. This [...]

Daily Basis Update

2022-03-11T16:44:07-06:00March 11th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, March 11. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 32.5 cents under May futures This was 0.95 cent weaker for the day but 0.5 [...]

Daily Basis Update

2022-03-10T16:18:59-06:00March 10th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, March 10. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 31.55 cents under May futures This was 0.55 cent stronger for the day but 1.85 [...]

Daily Basis Update

2022-03-09T16:25:13-06:00March 9th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, March 9. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 32.10 cents under May futures This was 0.84 cent stronger for the day but 10.01 [...]

Daily Basis Update

2022-03-08T16:20:27-06:00March 8th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, March 8. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 32.94 cents under May futures This was 0.60 cent stronger for the day and 12.10 [...]

Daily Basis Update

2022-03-07T16:21:34-06:00March 7th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, March 7. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 33.54 cents under May futures This was 0.54 cent weaker for the day and 6.17 [...]

Corn Basis: Big Changes

2022-03-07T10:59:06-06:00March 7th, 2022|Basis|

The end of last week saw a collapse in the cmdty National Corn Basis Index (NCBI, weighted national average), with Friday's calculation coming in at 33.0 cents under May. This had the 2021-2022 market (solid green line) near the previous [...]

Daily Basis Update

2022-03-04T16:31:28-06:00March 4th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, March 4. Friday was another ugly day for basis markets. I'm starting to see signs of 2008 when wheat basis fell to more than $2.00 under. The cmdty National Corn [...]

Daily Basis Update

2022-03-03T16:22:48-06:00March 3rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, March 3. I'm going to start with the bottom line: I don't know that I trust basis indexes at this point. I've heard reports of merchandisers pulling bids and some [...]

Daily Basis Update

2022-03-02T16:23:04-06:00March 2nd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, March 2. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 22.09 cents under May futures This was 1.25 cents weaker for the day and 7.44 [...]

Daily Basis Update

2022-03-01T16:31:02-06:00March 1st, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, March 1. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.84 cents under May futures This was 0.21 cent weaker for the day and 6.25 [...]

Daily Basis Update

2022-02-28T16:26:31-06:00February 28th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, February 28. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 27.37 cents under March futures This was 3.30 cents weaker for the day and 11.90 [...]

Daily Basis Update

2022-02-26T08:09:03-06:00February 26th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, February 25. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 24.07 cents under March futures This was 0.79 cent weaker for the day and 7.60 [...]

Daily Basis Update

2022-02-24T16:38:05-06:00February 24th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, February 24. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 23.28 cents under March futures This was 6.14 cents weaker for the day and 7.05 [...]

Daily Basis Update

2022-02-23T16:27:26-06:00February 23rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, February 23. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.14 cents under March futures This was 0.52 cent weaker for the day and 0.68 [...]

Daily Basis Update

2022-02-22T16:32:03-06:00February 22nd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, February 22. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.47 cents under March futures This was 0.17 cent weaker than last Friday and 0.15 [...]

Corn Basis: Looking Ahead

2022-02-22T10:47:39-06:00February 22nd, 2022|Basis|

Last Friday saw the cmdty National Corn Basis Index (NCBI, weighted national average) calculated at 16.5 cents under March futures, slightly weaker than the previous Friday's calculation of 16.1 cents under. The 2021-2022 national average basis market (solid green line) [...]

Daily Basis Update

2022-02-18T16:21:14-06:00February 18th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, February 18. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.47 cents under March futures This was 0.24 cent weaker for the day and 0.33 [...]

Daily Basis Update

2022-02-17T16:17:51-06:00February 17th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, February 17. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.23 cents under March futures This was 0.23 cent stronger for the day but 0.10 [...]

Daily Basis Update

2022-02-16T16:17:24-06:00February 16th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, February 16. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.46 cents under March futures This was 0.01 cent stronger for the day but 0.86 [...]

Daily Basis Update

2022-02-15T16:18:41-06:00February 15th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, February 15. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.47 cents under March futures This was 0.17 cent weaker for the day and 1.23 [...]

Soybean Basis: Hot Topics

2022-02-15T08:49:26-06:00February 15th, 2022|Basis|

The subject of real soybean market fundamentals (as opposed to USDA's imaginary version) has become a hot topic this week given the sharp break seen in the key May-July futures spread. As I've mentioned in my Commentary, the commercial selling [...]

Daily Basis Update

2022-02-14T16:19:33-06:00February 14th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, February 14. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.30 cents under March futures This was 0.16 cent weaker for the day and 1.14 [...]

Daily Basis Update

2022-02-11T16:23:38-06:00February 11th, 2022|Basis|

Given what we saw the last hour of Friday's session, I was interested in how the various basis markets would react. As it turned out, it looked like merchandisers decided to stand pat heading into the weekend. The cmdty National [...]

HRS Wheat Basis: In the Middle

2022-02-11T08:14:53-06:00February 11th, 2022|Basis|

As mentioned in Thursday's Daily Basis Update, the 2021-2022 spring wheat basis market (green line) continues to run near it's previous 5-year average weekly closes (purple line). The cmdty National HRS Wheat Basis Index (HSBI, weighted national average) was calculated [...]

Daily Basis Update

2022-02-10T16:25:27-06:00February 10th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, February 10. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.13 cents under March futures This was 0.53 cent weaker for the day and 1.53 [...]

Daily Basis Update

2022-02-09T16:21:27-06:00February 9th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, February 9. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.60 cents under March futures This was 0.36 cent weaker for the day and 0.92 [...]

Daily Basis Update

2022-02-08T16:57:42-06:00February 8th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, February 8. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.24 cents under March futures This was 0.08 cent weaker for the day and 0.90 [...]

Daily Basis Update

2022-02-07T16:22:24-06:00February 7th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, February 7. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.16 cents under March futures This was 0.16 cent weaker for the day and 1.18 [...]

Daily Basis Update

2022-02-04T16:21:52-06:00February 4th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, February 4. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.00 cents under March futures This was 0.40 cent weaker for the day and 0.63 [...]

Daily Basis Update

2022-02-03T16:18:06-06:00February 3rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, February 3. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.60 cents under March futures This was 0.08 cent stronger for the day but 0.66 [...]

Daily Basis Update

2022-02-02T17:01:20-06:00February 2nd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, February 2. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.68 cents under March futures This was 0.34 cent weaker for the day and 0.76 [...]

Daily Basis Update

2022-02-01T16:20:02-06:00February 1st, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, February 1. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.34 cents under March futures This was 0.36 cent weaker for the day and 0.43 [...]

Daily Basis Update

2022-01-31T16:37:40-06:00January 31st, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, January 31. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.98 cents under March futures This was 0.39 cent stronger for the day but 0.10 [...]

Daily Basis Update (Friday)

2022-01-30T15:20:26-06:00January 30th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, January 28. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.37 cents under March futures This was 0.43 cent weaker for the day and 0.53 [...]

HRS Wheat: Still Firming

2022-01-30T15:29:06-06:00January 28th, 2022|Basis|

The cmdty National HRS Wheat Basis Index (HSBI, weighted national average) continues to firm, coming in Thursday afternoon at 43.2 cents under March Minneapolis futures as compared to last Friday's calculation of 44.2 cents under. The continued uptrend (firming basis) [...]

Daily Basis Update

2022-01-27T16:20:28-06:00January 27th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, January 27. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.94 cents under March futures This was 0.02 cent weaker for the day and 0.51 [...]

Corn Basis: A Slight Fade

2022-01-27T09:22:03-06:00January 27th, 2022|Basis|

While tracking the 2021-2022 corn basis market (green line) has been about as exciting as watching paint dry, as we approach the end of January the paint seems to be fading a bit. Wednesday saw the cmdty National Corn Basis [...]

Daily Basis Update

2022-01-26T16:29:41-06:00January 26th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, January 26. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.92 cents under March futures This was 0.01 cent weaker for the day and 0.5 [...]

Soybean Basis: The Slide

2022-01-26T07:18:24-06:00January 26th, 2022|Basis|

The cmdty National Soybean Basis Index (NSBI, weighted national average) was calculated at 44.7 cents under March futures Tuesday afternoon, roughly 0.2 cent weaker than Monday's calculation and extending the current slide by the NSBI to six consecutive days. But [...]

Daily Basis Update

2022-01-25T16:27:06-06:00January 25th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, January 25. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.91 cents under March futures This was 0.03 cent weaker for the day and 0.40 [...]

Daily Basis Update

2022-01-21T16:21:25-06:00January 21st, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, January 21. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.84 cents under March futures This was 0.41 cent weaker for the day and 0.47 [...]

Daily Basis Update

2022-01-20T16:20:34-06:00January 20th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, January 20. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.43 cents under March futures This was 0.01 cent weaker for the day and 0.11 [...]

Daily Basis Update

2022-01-19T16:14:17-06:00January 19th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, January 19. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.42 cents under March futures This was 0.09 cent stronger for the day but 0.21 [...]

Daily Basis Update

2022-01-18T16:25:33-06:00January 18th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, January 18. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.51 cents under March futures This was 0.14 cent weaker than last Friday's calculation and [...]

Corn Basis: Holding Strong

2022-01-17T10:19:28-06:00January 17th, 2022|Basis|

The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.4 cents under March futures last Friday. This was 0.1 cent weaker for the week but still stronger than the previous 5-year high weekly close (red line) [...]

Daily Basis Update

2022-01-14T16:16:45-06:00January 14th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, January 14. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.37 cents under March futures This was 0.05 cent weaker for the day and 0.04 [...]

Daily Basis Update

2022-01-13T16:18:32-06:00January 13th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, January 13. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.32 cents under March futures This was 0.11 cent weaker for the day but 0.06 [...]

Daily Basis Update

2022-01-12T16:16:49-06:00January 12th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, January 12. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.21 cents under March futures This was 0.15 cent weaker for the day but 0.05 [...]

Daily Basis Update

2022-01-11T16:17:36-06:00January 11th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, January 11. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.06 cents under March futures This was 0.02 cent weaker for the day and 0.05 [...]

Daily Basis Update

2022-01-10T16:21:36-06:00January 10th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, January 10. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.04 cents under March futures This was 0.29 cent stronger for the day but 0.03 [...]

Daily Basis Update

2022-01-07T16:21:51-06:00January 7th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Friday, January 7. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.33 cents under March futures This was 0.05 cent stronger for the day and 0.61 [...]

Daily Basis Update

2022-01-06T16:23:43-06:00January 6th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, January 6. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.38 cents under March futures This was 0.12 cent weaker for the day but 0.47 [...]

Daily Basis Update

2022-01-05T16:19:07-06:00January 5th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, January 5. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.26 cents under March futures This was 0.25 cent weaker for the day but 0.77 [...]

Daily Basis Update

2022-01-04T16:18:28-06:00January 4th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, January 4. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.01 cents under March futures This was unchanged for the day and 0.89 cent stronger [...]

Daily Basis Update

2022-01-03T16:20:04-06:00January 3rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, January 3. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.01 cents under March futures This was 0.93 cent weaker for the day and 0.74 [...]

Daily Basis Update

2021-12-31T16:22:22-06:00December 31st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, December 31. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.94 cents under March futures This was 0.09 cent weaker for the day and 0.34 [...]

Daily Basis Update

2021-12-30T16:20:04-06:00December 30th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, December 30. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.85 cents under March futures This was 0.18 cent stronger for the day but 0.33 [...]

Daily Basis Update

2021-12-29T16:21:48-06:00December 29th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, December 29. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.03 cents under March futures This was 0.13 cent weaker for the day and 0.64 [...]

Daily Basis Update

2021-12-28T16:23:58-06:00December 28th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, December 28. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.90 cents under March futures This was 0.15 cent weaker for the day and 0.71 [...]

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