Daily Basis Update

2021-07-29T16:22:04-05:00July 29th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, July 29. The cmdty National Corn Basis Index was calculated at 74.13 cents over September futures This was 0.65 cent weaker for the day and 1.85 cents weaker than last [...]

Daily Basis Update

2021-07-28T16:22:57-05:00July 28th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, July 28. The cmdty National Corn Basis Index was calculated at 74.78 cents over September futures This was 0.40 cent weaker for the day and 1.72 cents weaker than last [...]

Daily Basis Update

2021-07-27T17:39:31-05:00July 27th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, July 27. The cmdty National Corn Basis Index was calculated at 75.18 cents over September futures This was 0.07 cent stronger for the day but 1.65 cents weaker than last [...]

Daily Basis Update

2021-07-26T16:17:11-05:00July 26th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, July 26. The cmdty National Corn Basis Index was calculated at 75.11 cents over September futures This was 0.45 cent weaker for the day and 1.72 cents weaker than last [...]

Daily Basis Update

2021-07-22T16:17:48-05:00July 22nd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, July 22. The cmdty National Corn Basis Index was calculated at 75.98 cents over September futures This was 0.52 cent weaker for the day and 2.18 cents weaker than last [...]

Daily Basis Update

2021-07-21T16:20:17-05:00July 21st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, July 21. The cmdty National Corn Basis Index was calculated at 76.50 cents over September futures This was 0.33 cent weaker for the day and 2.36 cents weaker than last [...]

Daily Basis Update

2021-07-20T16:18:29-05:00July 20th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, July 120. The cmdty National Corn Basis Index was calculated at 76.83 cents over September futures This was unchanged for the day and 3.58 cents weaker than last Tuesday The [...]

Daily Basis Update

2021-07-19T16:21:34-05:00July 19th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, July 19. The cmdty National Corn Basis Index was calculated at 76.83 cents over September futures This was 0.46 cent weaker for the day and 3.48 cents weaker than last [...]

Daily Basis Update

2021-07-16T16:43:07-05:00July 16th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, July 16. The cmdty National Corn Basis Index was calculated at 77.29 cents over September futures This was 0.87 cent weaker for the day and 3.08 cents weaker than last [...]

Daily Basis Update

2021-07-15T16:22:24-05:00July 15th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, July 15. The cmdty National Corn Basis Index was calculated at 78.16 cents over September futures This was 1.7 cents weaker for the day and 2.27 cents weaker than last [...]

Daily Basis Update

2021-07-15T08:01:10-05:00July 14th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, July 14. The cmdty National Corn Basis Index was calculated at 79.86 cents over September futures This was 0.55 cent weaker for the day and 0.92 cent weaker than last [...]

Daily Basis Update

2021-07-13T16:17:57-05:00July 13th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, July 13. The cmdty National Corn Basis Index was calculated at 80.41 cents over September futures This was 0.10 cent stronger for the day but 0.29 cents weaker than last [...]

Daily Basis Update

2021-07-12T16:16:51-05:00July 12th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, July 12. The cmdty National Corn Basis Index was calculated at 80.31 cents over September futures This was 0.06 cent weaker for the day and 1.34 cents weaker than last [...]

Daily Basis Update

2021-07-09T16:19:12-05:00July 9th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, July 9. The cmdty National Corn Basis Index was calculated at 80.37 cents over September futures This was 0.06 cent weaker for the day and 1.99 cents weaker than last [...]

Daily Basis Update

2021-07-08T16:21:14-05:00July 8th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, July 8. The cmdty National Corn Basis Index was calculated at 80.43 cents over September futures This was 0.35 cent weaker for the day and 4.53 cents weaker than last [...]

Daily Basis Update

2021-07-07T16:14:26-05:00July 7th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, July 7. As I’ve been talking about, the basis market Silly Season is now in full swing. Back when I was merchandising grain, I dreaded July and August, from a [...]

Daily Basis Update

2021-07-06T16:16:04-05:00July 6th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, July 6. As I’ve been talking about, the basis market Silly Season is now in full swing. Back when I was merchandising grain, I dreaded July and August, from a [...]

Daily Basis Update

2021-07-01T16:21:23-05:00July 1st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, July 1. As I've been talking about, the basis market Silly Season is now in full swing. Back when I was merchandising grain, I dreaded July and August, from a [...]

Daily Basis Update

2021-06-30T16:21:06-05:00June 30th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, June 30. The cmdty National Corn Basis Index was calculated at 32.82 cents under July futures This was 10.82 cents stronger for the day but 16.08 cents weaker than last [...]

Daily Basis Update

2021-06-29T16:23:34-05:00June 29th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 28. The cmdty National Corn Basis Index was calculated at 43.64 cents under July futures This was 16.52 cents weaker for the day and 36.98 cents weaker than last [...]

Daily Basis Update

2021-06-28T16:48:29-05:00June 28th, 2021|Basis|

Just a reminder we have entered one of the, well, sillier times of the year for talking about national average basis as July futures move toward delivery. Corn: The roll from July to September is a roll from old-crop to [...]

Daily Basis Update

2021-06-28T07:33:42-05:00June 28th, 2021|Basis|

The cmdty National Basis Indexes calculated for Friday, June 25. The cmdty National Corn Basis Index was calculated at 17.67 cents under July futures This was 3.04 cents weaker for the day and 22.27 cents weaker for the week The [...]

Daily Basis Update

2021-06-24T16:36:44-05:00June 24th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, June 24. The cmdty National Corn Basis Index was calculated at 14.63 cents under July futures This was 2.11 cents stronger for the day but 19.37 cents weaker than last [...]

Daily Basis Update

2021-06-23T16:21:53-05:00June 23rd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, June 23. The cmdty National Corn Basis Index was calculated at 16.74 cents under July futures This was 10.18 cents weaker for the day and 21.00 cents weaker than last [...]

Daily Basis Update

2021-06-22T16:30:18-05:00June 22nd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 22. The cmdty National Corn Basis Index was calculated at 6.66 (how ominous is that?) cents UNDER July futures This was 9.14 cents weaker for the day and 12.95 [...]

Soybean Basis: Perspective

2021-06-22T08:23:26-05:00June 22nd, 2021|Basis|

I've talked a great deal of late about the continued weakening of the cmdty National Soybean Basis Index (NSBI, weighted national average). Indeed, the NSBI has fallen well off its high weekly close of 9.4 cents over July futures from [...]

Daily Basis Update

2021-06-21T16:21:26-05:00June 21st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 21. The cmdty National Corn Basis Index was calculated at 2.48 cents over July futures This was 2.12 cents weaker for the day and 4.41 cents weaker than last [...]

Daily Basis Update

2021-06-18T16:19:51-05:00June 18th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, June 18. The cmdty National Corn Basis Index was calculated at 4.60 cents over July futures This was 0.14 cent weaker for the day and 2.78 cents weaker for the [...]

Daily Basis Update

2021-06-17T16:36:32-05:00June 17th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, June 17. The cmdty National Corn Basis Index was calculated at 4.74 cents over July futures This was 1.00 cent weaker for the day and 2.85 cents weaker than last [...]

Daily Basis Update

2021-06-16T16:18:53-05:00June 16th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, June 16. The cmdty National Soybean Basis Index was calculated at 32.6 cents under July futures This was 3.05 cents weaker for the day and 5.97 cents weaker than last [...]

Daily Basis Update

2021-06-15T16:21:10-05:00June 15th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 15. The cmdty National Corn Basis Index was calculated at 6.29 cents over July futures This was 0.6 cent weaker for the day and 2.62 cents weaker than last [...]

Daily Basis Update

2021-06-14T16:18:55-05:00June 14th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 14. The cmdty National Corn Basis Index was calculated at 6.89 cents over July futures This was 0.49 cent weaker for the day and 2.66 cents weaker than last [...]

Daily Basis Update

2021-06-11T16:17:14-05:00June 11th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, June 11. The cmdty National Soybean Basis Index was calculated at 24.35 cents under July futures This was 1.3 cents stronger for the day and 0.23 cent weaker for the [...]

Daily Basis Update

2021-06-10T16:17:29-05:00June 10th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, June 10. The cmdty National Soybean Basis Index was calculated at 25.65 cents under July futures This was 0.98 cent stronger for the day and 5.08 cents weaker than last [...]

Daily Basis Update

2021-06-09T16:32:27-05:00June 9th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, June 9. The cmdty National Soybean Basis Index was calculated at 26.63 cents under July futures This was 1.14 cents weaker for the day and 7.07 cents weaker than last [...]

Daily Basis Update

2021-06-08T16:20:49-05:00June 8th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 8. The cmdty National Soybean Basis Index was calculated at 25.49 cents under July futures This was 2.28 cents weaker for the day and 7.11 cents weaker than last [...]

Daily Basis Update

2021-06-07T16:18:37-05:00June 7th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, June 7. The cmdty National Soybean Basis Index was calculated at 23.21 cents under July futures This was 0.91 cent stronger for the day All it took for the NSBI [...]

Daily Basis Update

2021-06-04T16:16:26-05:00June 4th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, June 4. The cmdty National Corn Basis Index was calculated at 10.28 cents over July futures This was 1.09 cents weaker for the day and 4.18 cents weaker for the [...]

Daily Basis Update

2021-06-03T16:25:05-05:00June 3rd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, June 3. The cmdty National Corn Basis Index was calculated at 11.37 cents over July futures This was 0.9 cent weaker for the day and 2.63 cents weaker than last [...]

Daily Basis Update

2021-06-02T16:19:08-05:00June 2nd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, June 2. The cmdty National Corn Basis Index was calculated at 12.27 cents over July futures This was 0.64 cent weaker for the day and 2.69 cents weaker than last [...]

Daily Basis Update

2021-06-01T16:22:05-05:00June 1st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, June 1. The cmdty National Corn Basis Index was calculated at 12.91 cents over July futures This was 1.42 cents weaker for the day and 2.65 cents weaker than last [...]

Daily Basis Update

2021-05-28T16:19:01-05:00May 28th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, May 28. A fitting way to close out meteorological spring, with nearly all the cmdty National Basis Indexes in the green. The cmdty National Corn Basis Index was calculated at [...]

Daily Basis Update

2021-05-27T16:24:11-05:00May 27th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, May 27. The cmdty National Corn Basis Index was calculated at 14.00 cents over July futures This was 0.96 cent weaker for the day And 1.62 cent weaker than the [...]

Daily Basis Update

2021-05-26T16:20:48-05:00May 26th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, May 26. The cmdty National Corn Basis Index was calculated at 14.96 cents over July futures This was 0.60 cent weaker for the day And still 0.36 cent weaker than [...]

Daily Basis Update

2021-05-25T16:35:59-05:00May 25th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 25. Tuesday's Song of the Day to Describe national average basis indexes is David Powter's "Bad Day". The cmdty National Corn Basis Index was calculated at 15.56 cents over [...]

Daily Basis Update

2021-05-24T16:37:38-05:00May 24th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 22. The cmdty National Soybean Basis Index was calculated at 11.40 cents under July futures This was 2.67 cents weaker for the day and 13.85 cents weaker than the [...]

Daily Basis Update

2021-05-21T16:16:34-05:00May 21st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, May 21. The cmdty National Soybean Basis Index was calculated at 9.73 cents under July futures This was 2.07 cents weaker for the day and 14.58 cents weaker for the [...]

Daily Basis Update

2021-05-20T16:15:33-05:00May 20th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, May 20. The cmdty National Soybean Basis Index was calculated at 7.66 cents under July futures This was 2.83 cents weaker for the day and 14.86 cents weaker for the [...]

Daily Basis Update

2021-05-19T16:19:07-05:00May 19th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, May 19. The cmdty National Soybean Basis Index was calculated at 4.83 cents under July futures This was 3.41 cents weaker for the day and 13.74 cents weaker for the [...]

Daily Basis Update

2021-05-18T16:31:00-05:00May 18th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 18. If train wrecks make you queasy, look away. The cmdty National Soybean Basis Index was calculated at 1.42 cents under July futures This was 3.87 cents weaker for [...]

Daily Basis Update

2021-05-18T05:53:45-05:00May 17th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 17. The cmdty National Corn Basis Index was calculated at 14.53 cents over July futures This was 0.13 cent stronger for the day and 0.07 cent weaker than a [...]

Corn Basis: Holding Steady

2021-05-17T08:17:26-05:00May 17th, 2021|Basis|

Last Friday saw the cmdty National Corn Basis Index calculated at 14.4 cents over July futures (green diamond marker) down fractionally from the previous Friday's calculation of 14.5 cents under. Both remain below my theoretical calculation of 16.1 cents over [...]

Daily Basis Update

2021-05-14T16:21:57-05:00May 14th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, May 14. The cmdty National Soybean Basis Index was calculated at 4.85 cents over July futures This was 2.35 cents weaker for the day and 4.53 cents weaker for the [...]

Daily Basis Update

2021-05-13T16:17:13-05:00May 13th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, May 13. The cmdty National Soybean Basis Index was calculated at 7.20 cents over July futures This was 1.71 cents weaker for the day and 2.25 cents weaker than a [...]

Daily Basis Update

2021-05-12T16:19:18-05:00May 12th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, May 12. Given this cherry on top of the corn market Wednesday, all signs point to the tipping point getting closer. The cmdty National Corn Basis Index was calculated at [...]

Daily Basis Update

2021-05-11T16:41:16-05:00May 11th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 11: The cmdty National Corn Basis Index was calculated at 14.78 cents over July futures This was 0.18 cent stronger for the day and 0.75 cent stronger than a [...]

Daily Basis Update

2021-05-10T16:21:34-05:00May 10th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 8: A little salve for the wound that was Monday's grain and oilseed markets. The cmdty National Corn Basis Index was calculated at 14.60 cents over July futures This [...]

Daily Basis Update

2021-05-07T16:30:54-05:00May 7th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, May 7: The cmdty National Corn Basis Index was calculated at 14.47 cents over July futures This was 0.35 cent stronger for the day but 1.66 cents weaker for the [...]

Daily Basis Update

2021-05-06T16:17:34-05:00May 6th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, May 6: The cmdty National Corn Basis Index was calculated at 14.12 cents under July futures This was 0.13 cent weaker for the day and 2.01 cents weaker for the [...]

Daily Basis Update

2021-05-05T16:17:20-05:00May 5th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, May 5: The cmdty National Corn Basis Index was calculated at 14.25 cents under July futures This was 0.22 cent stronger for the day, but Still 1.88 cents weaker for [...]

Daily Basis Update

2021-05-04T16:18:46-05:00May 4th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, May 4: The cmdty National Corn Basis Index was calculated at 14.03 cents under July futures This was 0.22 cent stronger for the day, but Still 2.1 cents weaker for [...]

Daily Basis Update

2021-05-03T16:25:42-05:00May 3rd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, May 3: As expected, the official roll of the indexes from May to July futures resulted in some interesting day-to-day changes. The cmdty National Corn Basis Index was calculated at [...]

Daily Basis Update

2021-04-30T16:32:06-05:00April 30th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, April 30: These indexes will officially roll from May futures to July on Monday, May 3. It will make for some interesting daily changes. The cmdty National Corn Price Index [...]

Daily Basis Update

2021-04-29T16:29:14-05:00April 29th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, April 29: The cmdty National Corn Price Index was calculated at $6.6284, up 6.08 cents for the day May futures closed 15.75 cents higher This put the cmdty National Corn [...]

Daily Basis Update

2021-04-28T16:31:45-05:00April 28th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, April 28. The cmdty National Soybean Price Index was calculated at $15.2487, down 3.19 cents for the day May futures closed 8 cents higher Meaning technically the cmdty National Soybean [...]

Basis Index Update

2021-04-27T16:28:48-05:00April 27th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, April 27. There are a number of interesting things to talk about in today's Basis Update. The cmdty National Corn Price Index was calculated at $6.6779, up 0.41 cent for [...]

Basis Index Update

2021-04-26T16:25:34-05:00April 26th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, April 26. The cmdty National Corn Price Index was calculated at $6.6738, up 24.94 cents for the day Both May and July futures closed up the daily price limit 25 [...]

Basis Index Update

2021-04-23T16:30:47-05:00April 23rd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, April 23. As I mentioned in Friday's Afternoon Commentary, we need to take step back and look at the big picture before getting too excited about what we see on [...]

Basis Index Update

2021-04-22T16:27:18-05:00April 22nd, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, April 22. The cmdty National Soybean Basis Index came in at 17.31 cents under May, up 0.42 cent for the day and 3.09 cents stronger than the previous Thursday Recall [...]

Basis Index Update

2021-04-21T16:27:06-05:00April 21st, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, April 21. The cmdty National Corn Basis Index was calculated at 11.03 cents under May futures (presumably), 1.19 cents weaker than Tuesday's calculation. I say "presumably" because we could now [...]

Basis Index Update

2021-04-20T16:25:08-05:00April 20th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, April 20. Today's cmdty National Basis Index table reminds me of one of my favorite shows of all time, The Red Green Show. And with so many great quotes to [...]

Basis Index Update

2021-04-19T16:20:23-05:00April 19th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, April 17. The cmdty National Soybean Basis Index was calculated at 18.43 cents under May futures Up 0.87 cent from Friday, extending its strengthening streak to 37 days 4.23 cents [...]

Basis Index Update

2021-04-16T16:26:12-05:00April 16th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Friday, April 16. Soybean Basis: I think it's safe to say we can acknowledge the US is basically out of soybeans. The cmdty National Soybean Basis Index was calculated at 19.3 [...]

Basis Index Update

2021-04-15T16:21:53-05:00April 15th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Thursday, April 15. The cmdty National Soybean Basis Index was calculated at 20.40 cents under May futures This was also up 0.91 cent from Wednesday and 4.11 cents from last Thursday [...]

Basis Index Update

2021-04-14T16:18:27-05:00April 14th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Wednesday, April 14. The cmdty National Soybean Basis Index was calculated at 21.31 cents under May futures This was also up up 0.86 cent from Tuesday and 4.19 cents from last [...]

Basis Index Update

2021-04-13T16:16:33-05:00April 13th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Tuesday, April 13. The cmdty National Soybean Basis Index was calculated at 22.17 cents under May futures This was also up up 0.49 cent from Monday and 4.00 cents from last [...]

Basis Index Update

2021-04-12T16:19:39-05:00April 12th, 2021|Basis|

The cmdty National Basis Indexes have been calculated for Monday, April 12. I would say the stronger across the board basis calculations were a result of the sharp selloff in the grain and oilseed complex Monday but we've seen the [...]

Soybean Basis: Supply > Demand

2021-04-06T07:44:57-05:00April 6th, 2021|Basis|

Soybean basis has been an interesting study over the course of the 2020-2021 marketing year. Incredible export demand over the first half of the marketing year (September through February) quickly erased US available supplies with my monthly calculation of stocks-to-use [...]

Corn Basis: Staying Strong

2021-04-05T06:54:24-05:00April 5th, 2021|Basis|

The cmdty National Corn Basis Index (NCBI, weighted national average) continued to strengthen last week, calculated last Friday* at 12.96 cents under May futures contract (green circle marker). This was up roughly 1.25 cents from the previous Friday's close of [...]

Corn Basis: Beefing Up

2021-03-17T08:18:50-05:00March 17th, 2021|Basis|

Yes, today is the day for corned beef, with a well made Reuben sandwich sounding pretty good for lunch. Speaking of beefed up corn, take a look at what the cmdty National Corn Basis Index (NCBI, weighted national average) has [...]

Soybean Basis: Lucky 13

2021-02-23T08:41:33-06:00February 23rd, 2021|Basis|

The cmdty National Soybean Basis Index (NSBI, weighted national average) was calculated at 39.6 cents under March futures Monday afternoon, the strongest the NSBI has been in relation to nearby futures since January 24, 2020, or roughly 13 months. The [...]

Corn Basis: Unstoppable

2021-01-04T09:20:03-06:00January 4th, 2021|Basis|

The cmdty National Corn Basis Index was calculated at 17.2 cents under March futures at the end of last week (solid green line), a new high versus the March futures contract and edging closer to the previous 4-year high of [...]

Soybean Basis: Warning Signs

2020-11-12T07:40:41-06:00November 12th, 2020|Basis|

I mentioned in Morning Commentary how the cmdty National Soybean Basis Index (NSBI, weighted national average) may be warning us export demand is waning. Not sales, with that ship having sailed with the collapsing inverse seen in futures spreads, but [...]

Soybean Basis: Turn the Page

2020-11-03T07:06:06-06:00November 3rd, 2020|Basis|

Monday afternoon saw the cmdty National Soybean Basis Index (NSBI, weighted national average) rolled from the in-delivery November contract to the January issue. This is always an interesting time of year when it comes to soybean basis, made even more [...]

Corn Basis: The CUB Update

2020-10-03T15:22:48-05:00October 3rd, 2020|Basis|

Corn basis remains on an incredible run as the 2020-2021 marketing year gets under way with the cmdty National Corn Basis Index (NCBI, weighted national average) calculated at 28.6 cents under December futures (as of Friday, October 2), well above [...]

Corn Basis: Bullish Build

2020-08-11T08:29:25-05:00August 11th, 2020|Basis|

There are a number of factors starting to lean more toward the bullish side in corn, with the minor (short-term) trend of the December contract turning up (see Tuesday morning's Chart of the Day), due in part to commercial buying [...]

Bean Basis Breakdown

2020-07-29T08:29:16-05:00July 29th, 2020|Basis|

I mentioned a couple key points about national average soybean basis in Wednesday's Morning Commentary, most notably the cmdty National Soybean Basis Index (NSBI, weighted national average) was calculated at 45 1/2 cents under the lightly traded August contract Tuesday [...]

Soybean Basis: Noteworthy

2020-06-26T06:42:59-05:00June 26th, 2020|Basis|

Those of you who following along with my analysis over the 2019-2020 marketing year recall I've been fascinated by the strength seen in soybeans. A look at this daily chart for the cmdty National Soybean Basis Index (NSBI, weighted national [...]

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