Corn Basis: A New Beginning

2022-09-06T07:08:55-05:00September 6th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-31T16:18:00-05:00August 31st, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-30T16:16:04-05:00August 30th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-29T16:16:08-05:00August 29th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-26T16:16:14-05:00August 26th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-25T16:19:50-05:00August 25th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-24T17:58:15-05:00August 24th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-23T16:28:46-05:00August 23rd, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-22T16:19:30-05:00August 22nd, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-20T05:45:47-05:00August 20th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-17T16:19:29-05:00August 17th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-16T16:24:10-05:00August 16th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-15T16:18:19-05:00August 15th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-12T17:23:20-05:00August 12th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-11T16:34:01-05:00August 11th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-10T16:18:15-05:00August 10th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-09T16:20:27-05:00August 9th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-08T16:19:54-05:00August 8th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-04T16:25:16-05:00August 4th, 2022|Basis|

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 [...]

HRW Wheat Basis: Flatlining

2022-08-04T09:51:26-05:00August 4th, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-03T16:27:04-05:00August 3rd, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-02T16:24:04-05:00August 2nd, 2022|Basis|

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 [...]

Daily Basis Update

2022-08-01T16:23:30-05:00August 1st, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-29T16:23:24-05:00July 29th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-28T16:28:02-05:00July 28th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-27T16:20:39-05:00July 27th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-26T16:19:21-05:00July 26th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-25T16:20:36-05:00July 25th, 2022|Basis|

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 [...]

Corn Basis: Par and Over

2022-07-25T07:15:00-05:00July 25th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-22T16:19:15-05:00July 22nd, 2022|Basis|

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 [...]

HRS Wheat Basis: Low Rider

2022-07-22T08:55:51-05:00July 22nd, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-21T16:23:10-05:00July 21st, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-20T16:23:53-05:00July 20th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-19T16:21:08-05:00July 19th, 2022|Basis|

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 [...]

Soybean Basis: Confusion

2022-07-19T11:09:28-05:00July 19th, 2022|Basis|

(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, [...]

Daily Basis Update

2022-07-18T16:21:51-05:00July 18th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-16T09:22:05-05:00July 16th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-14T16:25:16-05:00July 14th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-13T16:19:25-05:00July 13th, 2022|Basis|

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 [...]

HRW Wheat Basis: Cold as Ice

2022-07-13T10:52:41-05:00July 13th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-12T16:16:29-05:00July 12th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-11T16:20:27-05:00July 11th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-10T15:17:05-05:00July 10th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-07T16:20:09-05:00July 7th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-06T16:54:53-05:00July 6th, 2022|Basis|

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 [...]

Daily Basis Update

2022-07-05T16:18:28-05:00July 5th, 2022|Basis|

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 [...]

Corn Basis: Yowza!

2022-07-05T10:15:34-05:00July 5th, 2022|Basis|

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, [...]

Daily Basis Update

2022-07-01T16:20:15-05:00July 1st, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-30T16:16:32-05:00June 30th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-29T16:25:02-05:00June 29th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-28T16:21:26-05:00June 28th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-27T16:26:31-05:00June 27th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-24T16:32:17-05:00June 24th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-23T16:21:17-05:00June 23rd, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-22T16:18:30-05:00June 22nd, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-21T16:19:24-05:00June 21st, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-18T10:32:36-05:00June 18th, 2022|Basis|

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 [...]

HRS Wheat Basis: Low Rider

2022-06-17T08:48:58-05:00June 17th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-16T16:22:34-05:00June 16th, 2022|Basis|

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 [...]

Daily Basis Update

2022-06-15T16:18:40-05:00June 15th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, June 15. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 3.97 cents over July futures This was 0.6 cent stronger for the day and 3.37 [...]

HRW Wheat Basis: Flatlining

2022-06-15T10:09:01-05:00June 15th, 2022|Basis|

The Barchart National HRW Wheat Basis Index (HWBI, weighted national average basis) is flatlining early in the 2022-2023 marketing year (solid green line). Tuesday saw the HWBI calculated at 45.45 cents under July Kansas City (HRW) futures, slightly stronger than [...]

Daily Basis Update

2022-06-14T16:19:46-05:00June 14th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 14. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 3.37 cents over July futures This was 0.96 cent stronger for the day and 4.24 [...]

Daily Basis Update

2022-06-13T16:20:51-05:00June 13th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 13. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 2.41 cents over July futures This was 0.41 cent stronger for the day and 4.78 [...]

Corn Basis: Explosion

2022-06-13T07:32:16-05:00June 13th, 2022|Basis|

If I could pick one chart that best reflects a particular market, out of the hundreds I have on hand, it would be this seasonal weekly close-only chart for the Barchart National Corn Basis Index (NCBI, weighted national average basis). [...]

Daily Basis Update (Friday)

2022-06-13T07:13:08-05:00June 13th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, June 10. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 2.0 cents under July futures This was 0.49 cent stronger for the day and 5.35 [...]

Daily Basis Update

2022-06-09T16:27:41-05:00June 9th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, June 9. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 1.51 cents over July futures This was 0.91 cent stronger for the day and 5.70 [...]

Daily Basis Update

2022-06-08T16:24:33-05:00June 8th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, June 8. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 0.6 cent over July futures This was 1.47 cents stronger for the day and 5.68 [...]

Daily Basis Update

2022-06-07T16:23:33-05:00June 7th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 7. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 0.87 cents under July futures This was 1.5 cents stronger for the day and 5.42 [...]

Daily Basis Update

2022-06-06T16:18:23-05:00June 6th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 6. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 2.37 cents under July futures This was 0.98 cent stronger for the day and 3.64 [...]

Corn Basis: Pulling Away

2022-06-06T08:22:23-05:00June 6th, 2022|Basis|

It was an impressive week for the Barchart National Corn Basis Index (NCBI, weighted national average basis), with Friday's calculation coming in at 3.4 cents under July futures. Not only was this 2.8 cents stronger for the week, it helped [...]

Daily Basis Update

2022-06-03T16:26:12-05:00June 3rd, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, June 3. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 3.35 cents under July futures This was 0.84 cent stronger for the day and 2.77 [...]

Daily Basis Update

2022-06-03T05:16:37-05:00June 3rd, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, June 2. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 4.19 cents under July futures This was 0.89 cent stronger for the day and 2.33 [...]

Daily Basis Update

2022-06-01T16:19:33-05:00June 1st, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, May 25. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 5.08 cents under July futures This was 1.21 cents stronger for the day and 2.06 [...]

Daily Basis Update

2022-05-31T16:36:36-05:00May 31st, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 24. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 6.29 cents under July futures This was 0.28 cent weaker for the day but 1.43 [...]

Daily Basis Update

2022-05-28T08:51:59-05:00May 28th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, May 27. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 6.12 cents under July futures This was 0.4 cent stronger for the day and 3.07 [...]

Daily Basis Update

2022-05-26T16:35:27-05:00May 26th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Thursday, May 26. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 6.52 cents under July futures This was 0.62 cent stronger for the day and 2.84 [...]

Daily Basis Update

2022-05-25T16:22:03-05:00May 25th, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Wednesday, May 25. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 7.14 cents under July futures This was 0.58 cent stronger for the day and 2.82 [...]

Daily Basis Update

2022-05-24T16:20:27-05:00May 24th, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 24. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 7.72 cents under July futures This was 0.87 cent stronger for the day and 3.32 [...]

Soybean Basis: Hot, Hot, Hot!

2022-05-24T09:39:17-05:00May 24th, 2022|Basis|

The 2021-2022 soybean basis market (solid green line) continues to heat up with the Barchart National Soybean Basis Index (NSBI, weighted national average basis) calculated at 30.1 cents under July futures Monday afternoon. This was 1.7 cents stronger than last [...]

Daily Basis Update

2022-05-23T16:20:07-05:00May 23rd, 2022|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 23. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 8.59 cents under July futures This was 0.6 cent stronger for the day and 2.97 [...]

Corn Basis: Still Climbing

2022-05-23T09:13:53-05:00May 23rd, 2022|Basis|

The 2021-2022 corn basis market (solid green line) continued to climb again last week with the Barchart National Corn Basis Index (NCBI, weighted national average basis) calculated at 9.2 cents under July futures last Friday. This was 2.5 cents stronger [...]

Daily Basis Update

2022-05-21T06:56:40-05:00May 21st, 2022|Basis|

The Barchart National Basis Indexes have been calculated for Friday, May 20. The Barchart National Corn Basis Index (NCBI, weighted national average) was calculated at 9.19 cents under July futures This was 0.17 cent stronger for the day and 2.55 [...]

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 [...]

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