Seasonally, the national average soybean market starts to get a bit choppy as the calendar page turns to June. A look at this weekly close-only study shows the previous 5-year highs (red line), lows (blue line), and average (purple line) [...]

My national average basis calculation came in last Friday at 34.7 cents over July futures, as compared to the previous week's 33.7 cents over and the previous 5-year high weekly close of 15.0 cents over July. A couple key takeaways: [...]

It is possible we are starting to see some cracks in the national average soybean basis market that has been bullish for almost as long as I can remember. Monday evening's calculation came in at 20.1 cents under July futures [...]

I almost forgot to post this. Monday is quickly getting away from me. My national average basis calculation came in at 35.1 cents over July future, down slightly from the previous week's final 35.6 cents over. While 0.5 cent weaker, [...]

Last Friday marked the first official weekly close calculation versus July futures, with the bottom line being the 2022-2023 corn basis market (solid green line) remains strong. My calculation came in at 35.6 cents over July (right hand green marker), [...]

The end of April is always an awkward time for US basis markets as cash bids are rolled from May futures to July. In the case of corn and soybeans this means we know longer have old-crop futures spreads to [...]

As we make our way toward the end of April, and the official roll of the basis index from the nearby (solid green line) to the first deferred (dashed green line) July issue, all eyes are already on cash in [...]

The 2022-2023 national average corn basis market grew more interesting last Friday. The cash index I track came in at $6.5350 putting national average basis versus the first deferred issue (dashed green line) at 38.25 cents over July futures. This [...]

When it comes the the HRW wheat national average basis market, it's what this seasonal weekly close-only chart doesn't show us that is more important than what it does. Naturally, I will work on correcting this. My Tuesday evening basis [...]

Things are getting more interesting in the national average soybean basis market. The first thing one see when they look at this seasonal weekly close-only study is the 2022-2023 market (solid green line) has dropped well below previous 5-year high [...]

We are seeing a clear shift in the 2022-2023 corn basis market (green lines, both solid and dashed) as the majority of cash bids have been rolled from the May issue to July. We can see this by studying the [...]

A look at this seasonal weekly close-only chart for the national average HRW wheat basis market shows us not a lot changed this past week. My Tuesday evening calculation came in at 33.0 cents under May Kansas City futures as [...]

I'm going to start with the bottom line this time around: The 2022-2023 national average soybean basis market (solid green line) remains strong. Yes, I know we are at a point of flux where half the cash bids are versus [...]

The 2022-2023 national average corn basis market (solid green line) continues to chug along, with my calculation for last Thursday coming in at 12.3 cents over May futures. The previous Friday's figure was 9.9 cents over while the previous 5-year [...]

I had a question come in from western Kansas. My friend asked, "I know wheat is a global market and even though the crop across the Southern Plains is sub par, the rally in the market may be about over. However, [...]

As I mentioned in Tuesday's Morning Commentary, my national average soybean basis calculations strengthened to start the week. The latest came in at 37.3 cents under May (solid green line) as compared to last Friday's figure of 41.3 cents under, [...]

We've entered that fun time of year when we have to pay close attention to the cash market's relationship to both nearby and first deferred futures. The situation is made even cloudier when the May-July futures spread is showing a [...]

The 2022-2023 national average soybean basis market (solid green line) remains strong, just not as strong as it has been through the first half of the marketing year. Last Friday's calculation came in at 35.1 cents under May futures as [...]

My calculation for national average corn basis came in at 10.4 cents over May futures last Friday (solid green line). This was stronger than the previous week’s 9.3 cents over and the previous 5-year high weekly close for last week [...]

The 2022-2023 national average soybean basis market (solid green line) remains strong. My calculation came in last Friday at 33.8 cents under May futures, as compared to the previous Friday's figure of 34.2 cents under and the previous 5-year high [...]

My calculation for national average corn basis came in at 9.3 cents over May futures last Friday (solid green line). This was stronger than the previous week's 7.9 cents over and the previous 5-year high weekly close for last week [...]

The 2022-2023 national average corn basis market (solid green line) remains strong with my calculation coming in last Friday evening at 7.9 cents over May futures. this was up from the previous Friday's figure of 5.7 cents over and the [...]

A couple things jump out at me with this seasonal weekly close-only chart of the national average soybean basis market. First, last Friday's calculation of 34.2 cents under May futures was only slightly weaker than the previous week's 34.1 cents [...]

The Bottom Line: Yes, I know the bottom line is at the top. I do that sometimes. The national average corn basis market continues to run stronger than its previous 5-year high. This is still a bullish fundamental read. My [...]

While the 2022-2023 national average corn basis market (green line) continues to run stronger than its previous 5-year high weekly closes (red line), I am seeing some consistent weakening. Last Friday's calculations came in at: 7.8 cents over March futures [...]

It's still quiet on the HRW winter wheat basis front with Tuesday evening's Barchart National Index coming in at 37.6 cents under March Kansas City futures. Last Friday's figure was 37.5 cents under and the previous 4-year average weekly close [...]

My Monday evening national average soybean basis calculation came in at 38.0 cents under March futures (green circle marker), slightly stronger than last Friday's figure of 39.0 cents under March. For now the 2022-2023 basis market (green line) continues to [...]

There isn't much happening with national average corn basis these days with the bottom line being the market remains bullish. Last Friday's calculation came in at 9.2 cents over March futures, down from the previous week's figure of 9.9 cents [...]

A friend from southwest Kansas asked if I could update my seasonal weekly close-only study for the Hard Red Winter (HRW) wheat national average basis market. As always, thanks to all for your suggestions and recommendations. The first thing you'll [...]

The national average soybean basis market continues to soften ever so slightly, with my Monday evening calculation coming in at 35 cents under March futures (green circle marker). Last Friday's figure came in at 35 cents under March. At the [...]

My calculation for corn's national average basis market came in at 9.9 cents over March futures last Friday. This was 2.0 cents stronger than the previous Friday's calculation of 7.9 cents over and kept the 2022-2023 market (solid green line) [...]

There hasn't been much change in the national average soybean basis market, with last Friday's calculation coming in at 31.4 cents under March futures. This kept the 2022-2023 market (solid green line) stronger than the previous 5-year high weekly closes [...]

Last Friday's national average corn basis calculation came in at 7.2 cents over March futures, continuing the trend of weakening since the high weekly close of 14.0 cents over March the third week of December. Despite this, the 2022-2023 market [...]

The 2022-2023 soybean basis market (solid green line) continues to run stronger than its previous 5-year high weekly closes (red line). This continues to tell us demand remains solid for tight US supplies, with the key being what happens once [...]

My national average basis calculation for last Friday came in at 8.1 cents over March futures, down from the previous week's 9.2 cents over but still above the previous 5-year high for this week of 10.3 cents under March futures. [...]

The 2022-2023 national average soybean basis market (solid green line) continues to hold well above its previous 5-year high weekly closes (red line), indicating demand remains strong for tight US supplies. Tuesday evening's calculation came in at 29.6 cents under [...]

The 2022-2023 national average basis market for corn (solid green line) continues to hold firm as we make our way through the winter quarter (December through February. Last Friday's calculation came in at 9.2 cents over March futures, down fractionally [...]

Last Friday saw my national average basis calculation come in at 27.8 cents under March futures, keeping the 2022-2023 market (solid green line) above the previous 5-year high weekly closes (red line). Recall most of the latter were set during [...]

The 2022-2023 national average corn basis market (solid green line) continued to weaken last week with my Friday calculations coming in at 9.3 cents over March futures as compared to the previous Friday's figure of 11.9 cents over and the [...]

As 2022 came to a close, the national average corn basis market was doing largely what was expected. My calculation came in last Friday at 11.9 cents over March futures, down from the previous week's 13.4cents over and the week [...]

The first thing that jumped out at me when I updated this seasonal weekly close-only chart for the national average soybean market is how my calculations versus the nearby contract (solid green line) and first deferred issue (dashed green line) [...]

My calculation for national average corn basis came in at 14.0 cents over March futures last Friday (green circle marker), inching back to where it was two weeks again and firming from the previous week's 13.7 cents over. This tells [...]

Last week saw a meltdown in the oilseed complex, a move that started in soybean oil and was sparked by the latest comments on renewable fuel standards from EPA. Soybeans got caught up in the selloff with January losing more [...]

Given the reports I was hearing from across the US Plains, there was a concern the national average corn basis could weaken by the time we reached last Friday's final figure for the week. However, when the dust had settled [...]

As I mentioned in Friday’s Morning Commentary, based on the One Day Wisdom[i] I don’t want to read too much into Thursday’s evening’s weaker national average corn basis calculation of 9.9 cents over March futures. Wednesday’s number was up at [...]

A look at the seasonal weekly close-only chart for national average soybean basis shows the 2022-2023 market (solid green line) maybe pausing after its recent run. Tuesday evening's calculation came in at 22.5 cents under January futures (green circle marker) [...]

With all the hubbub yesterday afternoon, I forgot to go back and post this weekly look at national average corn basis. The cash index I watch was calculated near $6.7950 last Friday, putting my basis calculations at 11.7 cents over December [...]

"Powerful" is the best word to describe the move we've seen in the 2022-2023 soybean basis market (green line) since early October. The first weekly close of the month saw my calculations come in at 48.8 cents under November futures [...]

The national average corn basis market seems to get stronger every day, with my Friday calculation coming in at 7.8 cents over December futures. The previous Friday's figure was 5.4 cents over December, while the 2022-2023 market (solid green line) [...]

As I mentioned in Tuesday's Morning Commentary, the 2022-2023 soybean basis market (solid green line) is jumping by cents per day rather than fractions of a penny. This indicates strong immediate demand for supplies that may be getting harder to [...]

The 2022-2023 corn national average basis market (solid green line) continued to strengthen last week, with my calculation coming in at 5.4 cents over December futures. The previous Friday's final figure was 5.0 cents over, with the previous 5-year high [...]

The next couple days will be filled with interesting fundamental numbers, though the corn market got started early with the national average basis calculation last Friday. The national cash index I track came in near $6.8575, and with the Dec [...]

The 2022-2023 soybean basis market (solid green line) continues to firm, albeit slightly, as it makes its way to the official roll from the November futures contract to January. My Monday evening came in at 44.2 cents under November futures [...]

As I've mentioned, my calculation for national average corn basis came in at 2.35 cents over December futures last Friday, more than 3.0 cents stronger than the previous Friday's figure of 0.85 cent under. Here's what we know about corn's [...]

We don't have to look too hard to see the end of the line for soybean basis calculations versus the November futures contract. Delivery against the Nov starts at the end of this month and open interest in January futures [...]

As I talked about in Morning Commentary Monday, national average basis firmed a bit last Friday evening. My calculation came in at 1.0 cent under December futures (green circle marker) as compared to the previous Friday's figure of 2.3 cents [...]

For now, the 2022-2023 national average soybean basis market (solid green line) continues to run near its previous 5-year high weekly closes (red line), meaning despite all that we are being told about soybeans basis remains strong. My Monday evening [...]

My weekly look at the national average corn basis market already seems to be a moot point given the December futures contract has rallied as much as 23.25 cents early Monday. This means December took out its previous high of [...]

So far, the 2022-2023 soybean basis market (solid green line) has played out as expected with consistent weakening seen through the end of September. My calculation (DTN National Soybean Price Index minus futures) started the marketing year with a calculation [...]

We know the corn market has bullish fundamentals, both long-term and short-term, as indicated by the cash market, futures spreads, and basis. I know the latter is hard to believe given last week's calculation came in at 1.0 cent over [...]

As I look at this seasonal weekly close-only chart for the soybean basis market, Merle Haggard's classic "If We Make It Through December" is echoing in my head. In this case, though, it isn't December but rather September, appearing larger [...]

As I mentioned in Monday's Morning Commentary, the national average corn basis market weakened again last week with my calculation Friday coming in at 9.3 cents over December futures (green circle marker). While well off the previous week's calculation of [...]

A look at this seasonal weekly close-only chart for the national average soybean market (DTN National Soybean Index minus futures) shows the 2022-2023 marketing year (solid green line) is off to a normal start. My Monday calculation came in at [...]

My national average corn basis calculation came in at 15.5 cents over December futures last Friday (solid green line), substantially weaker than the previous Friday's figure of 26.1 cents over. While this could be a cause of concern for some, [...]

My national average basis calculation (DTN National Corn Index minus nearby futures) came in at 26.1 cents over the December contract. While this was roughly 4.0 cents weaker than the previous Friday (green marker), it was still well above the [...]

Now that the soybean basis silly season from July through August is out of the way, we can get a better read from this key piece of fundamental information. My theoretical calculation (DTN National Soybean Index minus nearby futures) came [...]

As I mentioned in Tuesday's Morning Commentary, my theoretical calculation of national average corn basis for last Friday, the first weekly close of September, came in at 30.1 cents over December futures (green marker). This far outdistanced the previous 5-year [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, August 31. I thought about not posting these numbers today, but for the sake of consistency, we'll do this one more time. Though this time around the focus [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, August 30. I have no confidence in basis readings at this point. I’m looking forward to the roll to December futures Thursday. The Barchart National Corn Basis Index [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, August 29. I have no confidence in basis readings at this point. I’m looking forward to the roll to December futures later this week. The Barchart National Corn [...]

While the 2021-2022 basis market came to an end last Friday, at least in terms that was the last Friday calculation of basis for the marketing year, the heart of King Corn - basis - is expected to live on [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, August 26. I don’t have much confidence in basis readings at this point. I’m looking forward to the roll to December futures next week. The Barchart National Corn [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, August 25. I don’t have much confidence in basis readings at this point. I’m looking forward to the roll to December futures next week. The Barchart National Corn [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, August 24. I don’t have much confidence in basis readings at this point. I’m looking forward to the roll to December futures next week. The Barchart National Corn [...]

I don't know about you, but I find myself longingly looking ahead to next week when the calendar rolls from August to September. Yes, it marks the end of meteorological summer and beginning of meteorological autumn, which means winter is [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, August 23. I don’t have much confidence in basis readings at this point. I'm looking forward to the roll to December futures next week. The Barchart National Corn [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, August 22. I don’t have much confidence in the basis readings at this point. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 51.49 [...]

We can see the end of corn's 2022-2023 marketing year from here, with this coming Friday the last weekly close before the calendar page turns to September the following Thursday. One market to keep an eye on is national average [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, August 19. I don’t have much confidence in the basis readings at this point. The size of the daily changes in basis indexes makes me skeptical. The Barchart [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, August 17. I don’t have much confidence in the basis readings at this point. I'm counting the days until the indexes are officially disconnected from September contracts. The [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, August 16. I don’t have much confidence in the basis readings at this point. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 55.01 [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, August 15. I don’t have much confidence in the basis readings at this point. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 56.86 [...]

A friend just sent in a great question, "Could no more inverse in corn futures be a problem for basis bulls?" It has been a dramatic first half of Monday's session, not overly surprising we are still in the time [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, August 12. I don’t have much confidence in the basis readings at this point. The size of the daily changes in basis indexes makes me skeptical. The Barchart [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, August 11. I’m going to say it at the top: I don’t have much confidence in the basis readings at this point. The size of the daily changes [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, August 10. I’m going to say it at the top: I don’t have much confidence in the basis readings at this point. The size of the daily changes [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, August 9. I’m going to say it at the top: I don’t have much confidence in the basis readings at this point. The size of the daily changes [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, August 8. I’m going to say it at the top: I don’t have much confidence in the basis readings at this point. The size of the daily changes [...]

If you have that feeling we've seen this activity in the corn market before, you are correct. A look at this seasonal weekly close-only chart for the Barchart National Corn Basis Index (NCBI, weighted national average basis) shows us the [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, August 4. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 75.85 cents over September futures This was 1.41 cents weaker for the day [...]

As I mentioned in Thursday's Morning Commentary, the Kansas City (HRW) futures market has been flatlining of late with both September and December contract holding above recent 4-week lows. They haven't ranged far to the upside, but rather just sitting [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, August 3. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 77.26 cents over September futures This was 1.29 cents weaker for the day [...]

The Barchart National SRW Wheat Basis Index (SWBI, weighted national average basis) has continued its quiet climb, or strengthening, with the calculation coming in Tuesday afternoon at 50.9 cents under September Chicago (SRW). This is already 6.0 cents stronger than [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, August 2. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 78.55 cents over September futures This was 0.42 cent weaker for the day [...]

I struggled most of July to solve the problem of which cash index was providing us a better picture of soybean fundamentals, and the answer became crystal clear the first day of August. To illustrate, I've brought out one of [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, August 1. I'm going to say it at the top: I don't have much confidence in the basis readings at this point. The size of the daily changes [...]

The 2021-2022 national average corn basis market (solid green line) showed a little seasonal slippage the last couple weeks, but remains strong. The Barchart National Corn Basis Index (NCBI, weighted national average basis) was calculated at 82.6 cents over September [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, July 29. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 82.63 cents over September futures This was 1.33 cents weaker for the day [...]

I find this seasonal weekly close-only chart for the Barchart National HRS Wheat Basis Index (HSBI, weighted national average basis) interesting. North American spring wheat supplies leftover from 2021 are tight due to a weather-reduced crop, and the 2022 crop [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, July 28. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 83.96 cents over September futures This was 1.34 cent weaker for the day [...]

If you find peace in staring at a landscape that doesn't seem to change, like a mountain or an ocean (and yes, I know both change over time), then the HRW basis market is for you. The Barchart National HRW [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, July 27. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.30 cents over September futures This was 0.21 cent weaker for the day [...]

(Feel free to listen to John Conlee's classic "Rose Colored Glasses" as background music for this analysis.) As I mentioned in Wednesday's Morning Commentary, the SRW wheat basis market has quietly been strengthening of late, nearly without notice. A look [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, July 26. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.51 cents over September futures This was 0.903 cent stronger for the day [...]

Am I confident talking about this national average soybean basis seasonal weekly close-only chart these days? No, absolutely not. There are a lot of moving parts, and unlike the inner workings of a finely tuned Swiss watch, none of the [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, July 25. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.48 cents over September futures This was 0.29 cent stronger for the day [...]

The national corn basis market continues to get more interesting as we draw closer to the end of July. The Barchart National Corn Basis Index (NCBI, weighted national average basis) was calculated last Friday at 85.2 cents over September, keeping [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, July 22. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.19 cents over September futures This was 0.11 cent weaker for the day [...]

Thursday saw the Barchart National HRS Wheat Basis Index calculated at 63.5 cents under September Minneapolis (HRS), putting it about 1.5 cents weaker for the week. And while the 2022-2023 basis market (solid green line) has been staying in step [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, July 21. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.30 cents over September futures This was 0.11 cent weaker for the day [...]

This study is still based on Wednesday's Barchart National SRW Wheat Basis and Price Indexes, as I wanted to get this out before the release of Thursday's numbers. And given the kind of day it has been, that means this [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, July 20. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.41 cents over September futures This was 0.02 cent stronger for the day [...]

I've been keeping an eye on the Barchart National HRW Wheat Basis Index (HWBI, weighted national average basis) since the beginning of the 2022-2023 marketing year (solid green line), and so far the picture has been grim. Recall from previous [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, July 19. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.39 cents over September futures This was 0.18 cent stronger for the day [...]

(Feel free to listen to ELO's song Confusion as background music while you read through this post.) In case you've missed it, I really don't like this time of year when it comes to soybean fundamentals. For the most part, [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, July 18. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 85.21 cents over September futures This was 1.7 cents weaker for the day [...]

I spent some time this past weekend visiting with folks on social media about the difference between the intrinsic value of commodities versus the paper value. The latter has been heavily influenced by investor fear of US Federal Reserve interest [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, July 15. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 86.91 cents over September futures This was 0.26 cent weaker for the da [...]

Playing the role of optimist, unusual for me I know, but the bright spot of the wheat basis market continues to be the Barchart National HRS Wheat Basis Index (HSBI, weighed national average basis). Friday's calculation came in at 61.9 [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, July 14. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 87.17 cents over September futures This was 3.36 cents weaker for the day [...]

I mentioned Wednesday how the Barchart National HRW Basis Index was as cold as ice, compared to its previous 4-year low weekly closes, with Thursday's look at the Barchart National SRW Wheat Basis Index (SWBI, weighted national average basis) showing [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, July 13. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 90.53 cents over September futures This was 0.05 cent stronger for the day [...]

The Barchart National HRW Wheat Basis Index (HWBI, weighted national average cash basis) was calculated at 50.0 cents under September Kansas City (HRW) futures Tuesday afternoon, roughly 0.4 cent weaker than the previous day. This keeps the 2022-2023 basis market [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, July 12. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 90.48 cents over September futures This was 0.45 cent stronger for the day [...]

As you'll recall, this is not my favorite time of year for tracking soybean basis, one of our key fundamental reads. Why? We have to deal with, in quick succession, the generally useless August and September issues in regards to [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, July 11. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 90.03 cents over September futures This was 0.18 cent stronger for the day [...]

The Barchart National Corn Basis Index (NCBI, weighted national average basis) came in last Friday at 89.9 cents over September futures, putting it near the top of the range on this chart meaning if the trend continues I'll be expanding [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, July 8. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 89.85 cents over September futures This was 0.66 cent stronger for the day [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, July 7. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 89.19 cents over September futures This was 0.47 cent stronger for the day [...]

Not to put a damper on what has been a bullish morning for the grain and oilseed complex, but the SRW wheat basis market is a long way from joining the running of the bulls. In fact, the Barchart National [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, July 6. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 88.72 cents over September futures This was 1.72 cents stronger for the day [...]

Tuesday saw the Barchart National Soybean Basis Index (NSBI, weighted national average basis) calculated at 25.7 cents over August futures, keeping the 2021-2022 basis market (solid green line) bullish until further notice. For now the NSBI is also pulling away [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, June 28. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 87.0 cents over September futures This was 1.54 cents stronger for the day [...]

As I mentioned in Tuesday's Morning Commentary, last Friday's national basis market for corn was exciting. It was the first official day the Barchart National Corn Basis Index (NCBI, weighted national average basis) was calculated versus the September futures contract, [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, June 30. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

The Barchart National Basis and Price Indexes have been calculated for Thursday, June 30. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

The Barchart National Basis and Price Indexes have been calculated for Wednesday, June 29. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

The Barchart National Basis and Price Indexes have been calculated for Tuesday, June 28. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

It's possible folks can take a look at this seasonal weekly close-only chart for national average soybean basis and see something completely different. Those who are bearish soybeans will notice how the Barchart National Soybean Basis Index (solid green line) [...]

The Barchart National Basis and Price Indexes have been calculated for Monday, June 27. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

Things are about to get fun in the corn basis market, more fun than it has already been. Last Friday saw the Barchart National Corn Basis Index calculated at 3.9 cents under for its final official calculation versus July futures. [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, June 24. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I’m paying more attention to my theoretical [...]

The Barchart National Basis Indexes have been calculated for Thursday, June 23. Let me start by saying I have little to no confidence in the Basis Indexes at this time, meaning I'm paying more attention to my theoretical calculations versus [...]

The Barchart National Basis Indexes have been calculated for Wednesday, June 22. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 7.16 cents over July futures This was 0.4 cent stronger for the day and 3.19 [...]

The first thing we see when looking at this seasonal weekly close-only chart for the Barchart National Soybean Basis Index (NSBI, weighted national average basis) is the 2021-2022 marketing year (solid green line) has dipped back below the previous 5-year [...]

The cmdty National Basis Indexes have been calculated for Tuesday, June 21. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 6.76 cents over July futures This was 0.53 cent stronger for the day and 3.39 [...]

As I mentioned in Tuesday's Morning Commentary, when it comes to corn basis the spotlight is now on my theoretical calculation versus The September issue (Barchart National Corn Price Index minus September futures). The Barchart National Corn Basis Index remains [...]

The Barchart National Basis and Price Indexes have been calculated for Friday, June 17. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 5.5 cents under July futures This was 0.83 cent stronger for the day [...]

Early in the 2022-2023 marketing year for wheat (green line), the Barchart National HRS Wheat Basis Index (HSBI, weighted national average basis) is riding low and slow. For now it is hugging close to the previous 5-year low weekly closes [...]

The Barchart National Basis Indexes have been calculated for Thursday, June 16. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 4.67 cents over July futures This was 0.7 cent stronger for the day and 3.16 [...]