The cmdty National Basis Indexes have been calculated for Wednesday, December 8. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 12.85 cents under March futures This was 0.08 cent stronger for the day and 1.05 [...]
If the cmdty National Price Indexes are the intrinsic value of the various grain markets, and you know I use the indexes for a number of key fundamental studies, then the cmdty National Basis Indexes can be viewed as the [...]
The cmdty National Basis Indexes have been calculated for Tuesday, December 7. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 12.93 cents under March futures This was 0373 cent stronger for the day and 2.19 [...]
There is a lot happening in the soybean market at this time, some of it likely concerning to long-term market bulls. However, in this sea of instability we find the 2021-2022 basis market (thick green line) remains stable with the [...]
The cmdty National Basis Indexes have been calculated for Monday, December 6. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.30 cents under March futures This was 0.23 cent stronger for the day and 2.19 [...]
The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.5 cents under March futures last Friday, 5.5 cents stronger than my theoretical calculation the previous Friday using the cmdty National Corn Price Index (NCPI, weighted national [...]
The cmdty National Basis Indexes have been calculated for Friday, December 3. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.53 cents under March futures This was 0.12 cent stronger for the day and 5.46 [...]
The cmdty National Basis Indexes have been calculated for Thursday, December 2. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.65 cents under March futures This was 0.25 cent stronger for the day and 6.48 [...]
The cmdty National Basis Indexes have been calculated for Wednesday, December 1. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.90 cents under March futures This was 1.22 cents stronger for the day and 6.23 [...]
The cmdty National Basis Indexes have been calculated for Tuesday, November 30. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.61 cents under December futures This was 0.37 cent weaker for the day and 0.33 [...]
The cmdty National Soybean Basis Index (NSBI, weighted national average) has continued on with its smooth sailing, calculated Monday afternoon at 36.1 cents under January futures. This was little changed from last Friday's calculation, keeping the 2021-2022 basis market (green [...]
The cmdty National Basis Indexes have been calculated for Monday, November 29. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.24 cents under December futures This was 0.25 cent weaker for the day but 0.38 [...]
The end of November early this week means the cmdty National Corn Basis Index (NCBI, weighted national average) will be transitioning from its calculation versus the December contract to the March issue. Last Friday's final calculation against the December came [...]
The cmdty National Basis Indexes have been calculated for Friday, November 26. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 13.99 cents under December futures This was 0.34 cent stronger for the day and 0.70 [...]
The cmdty National Basis Indexes have been calculated for Wednesday, November 24. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.37 cents under December futures This was 0.19 cent weaker for the day but 1.11 [...]
It has been a while since I posted this weekly close-only seasonal chart for the cmdty National HRS Wheat Basis Index (HSBI, weighted national average). The engineers at Barchart have been busy the last few weeks fixing a glitch that [...]
The cmdty National Basis Indexes have been calculated for Tuesday, November 23. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.18 cents under December futures This was 0.44 cent stronger for the day and 1.58 [...]
As the holiday season draws near, soybean market bulls can take comfort in the fact the key fundamental read remains strong. The 2021-2022 basis market (green line) continues to run stronger than the previous 5-year high weekly closes (red line), [...]
The cmdty National Basis Indexes have been calculated for Monday, November 22. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.62 cents under December futures This was 0.07 cent stronger for the day and 1.61 [...]
The 2021-2022 corn basis market (red line) continues to run hot with the cmdty National Corn Basis Index (NCBI, weighted national average) calculated last Friday at 14.7 cents under December futures. This was considerable stronger than last Friday's calculation of [...]
The cmdty National Basis Indexes[i] have been calculated for Friday, November 19. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 14.69 cents under December futures This was 0.42 cent stronger for the day and 2.33 [...]
The cmdty National Basis Indexes[i] have been calculated for Thursday, November 18. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.11 cents under December futures This was 0.37 cent stronger for the day and 2.41 [...]
The cmdty National Basis Indexes[i] have been calculated for Wednesday, November 17. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.48 cents under December futures This was 0.28 cent stronger for the day and 1.87 [...]
With all the bullishness bubbling up in the grain and oilseed complex, one market is running counter to the others. The 2021-2022 SRW wheat basis market (green line) continues to hold below previous 5-year low weekly closes (blue line), with [...]
The cmdty National Basis Indexes[i] have been calculated for Tuesday, November 16. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 15.76 cents under December futures This was 0.47 cent stronger for the day and 1.81 [...]
I know we are coming up on the end of Tuesday's trading session, but I wanted to get this look at soybean national average basis posted before the close. The 2021-2022 market (green line) continues to run well above the [...]
The cmdty National Basis Indexes[i] have been calculated for Monday, November 15. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 16.23 cents under December futures This was 0.79 cent stronger for the day and 1.63 [...]
As we all know, when everything becomes automated sometimes there are glitches. The last few months have seen a few of these pop up in the cmdty National Basis Index calculations, most recently in HRS wheat. However, we also saw [...]
The cmdty National Basis Indexes[i] have been calculated for Friday, November 12. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.02 cents under December futures This was 0.5 cent stronger for the day and 0.36 [...]
The cmdty National Basis Indexes[i] have been calculated for Thursday, November 11. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.52 cents under December futures This was 0.17 cent weaker for the day and 0.10 [...]
The cmdty National Basis Indexes[i] have been calculated for Wednesday, November 10. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.35 cents under December futures This was 0.22 cent stronger for the day and 0.16 [...]
Of all the aspects of the three wheat markets (basis, cash, futures spreads, futures) the cmdty National HRW Wheat Basis Index (HWBI, weighted national average) remains a constant. The 2021-2022 marketing year HWBI (green line) continues to hold above its [...]
The cmdty National Basis Indexes[i] have been calculated for Tuesday, November 9. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.57 cents under December futures This was 0.29 cent stronger for the day but 0.43 [...]
There is one constant, one rock in the swirling sea of uncertainty that is the soybean market these days, national average basis. As the futures market broke below previous 4-week lows Monday and futures spreads continue to see carry strengthen, [...]
The cmdty National Basis Indexes[i] have been calculated for Monday, November 8. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.86 cents under December futures This was 0.48 cent weaker for the day and 0.32 [...]
My calculation of national average corn basis came in at 14 cents under December futures last Friday, keeping the 2021-2022 marketing year (green line) running on or above the previous 5-year high weekly closes (red line). Last week's previous high [...]
The cmdty National Basis Indexes have been calculated for Friday, November 5. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.38 cents under December futures This was 0.04 cent stronger for the day and 1.71 [...]
The SRW wheat market continues to fascinate and puzzle me. I've mentioned numerous times how the nearby futures spread steps back and forth across the bearish threshold of 67% calculated full commercial carry (cfcc), closing Thursday at 66% and looking [...]
The cmdty National Basis Indexes[i] have been calculated for Thursday, November 4. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.42 cents under December futures This was 0.09 cent stronger for the day and 1.77 [...]
The cmdty National HRW Wheat Basis Index (HWBI, weighted national average) continues to run strong with the 2021-2022 market (green line) holding well above the previous 5-year highs. Wednesday saw the HWBI calculated at 20.4 cents under December Kansas City [...]
The cmdty National Basis Indexes[i] have been calculated for Wednesday, November 3. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.51 cents under December futures This was 0.37 cent weaker for the day but 2.07 [...]
Yes, the cmdty National HRS Wheat Basis Index (HSBI, weighted national average) has seen its string of weaker calculations hit 16 consecutive days, though some might not view this as a "sweet" development. Recall from last week when I talked [...]
The cmdty National Basis Indexes have been calculated for Tuesday, November 2. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 17.14 cents under December futures This was 0.40 cent stronger for the day and 3.12 [...]
The cmdty National Soybean Basis Index (NSBI, weighted national average) roll from the November contract to the January issue at the end of October looked to be a smooth transition. Last Friday saw the NSBI calculated at 35.7 cents under [...]
The cmdty National Basis Indexes have been calculated for Monday, November 1. There are days that don't make sense. We have to acknowledge them, have a drink. and move on. Today's basis calculations are just such a day. The cmdty [...]
The corn basis market was impressive last week, with my calculation of national average basis coming in at 16.8 cents under December futures as compared to the previous Friday's 17.7 cents under. This despite December futures rallying 30.25 cents for [...]
The cmdty National Basis Indexes have been calculated for Friday, October 29. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 19.09 cents under December futures This was 0.1 cent stronger for the day and 2.12 [...]
The cmdty National Basis Indexes have been calculated for Thursday, October 28. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 19.19 cents under December futures This was 0.39 cent stronger for the day and 2.06 [...]
The cmdty National Basis Indexes have been calculated for Wednesday, October 27. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 19.58 cents under December futures This was 0.68 cent stronger for the day and 1.48 [...]
As I've been talking about frequently of late, I'm growing more concerned over the direction of the cmdty National HRS Wheat Basis Index (HSBI, weighted national average). Tuesday's calculation came in at 55 cents under December futures, dropping the 2021-2022 [...]
The cmdty National Basis Indexes have been calculated for Tuesday, October 26. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.26 cents under December futures This was 0.69 cent stronger for the day and 0.28 [...]
The cmdty National Basis Indexes have been calculated for Monday, October 25. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.95 cents under December futures This was 0.36 cent stronger for the day but 0.4 [...]
The cmdty National Basis Indexes have been calculated for Friday, October 22. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.31 cents under December futures This was 0.06 cent weaker for the day and 0.79 [...]
The cmdty National Basis Indexes have been calculated for Thursday, October 21. Like salt in the wound of market bulls (myself included), national average basis was weaker nearly across the board following the selloff in futures. The cmdty National Corn [...]
The cmdty National Basis Indexes have been calculated for Wednesday, October 20. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.06 cents under December futures This was 0.48 cent weaker for the day and 0.51 [...]
Recall from Tuesday's Daily Basis Update I mentioned Grains' Golden Rule in the discussion of the cmdty National HRS Wheat Basis Index (HSBI, weighted national average). I was introduced to this idea many years ago as I gave market presentations [...]
The cmdty National Basis Indexes have been calculated for Tuesday, October 19. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.58 cents under December futures This was 0.03 cent weaker for the day but 0.02 [...]
My calculation of national average corn basis came in at 16.9 cents under December futures Monday evening, slightly stronger than last Friday's calculation of 17.1 cents under. What made this more impressive was it came after December futures closed 7 [...]
The cmdty National Basis Indexes have been calculated for Monday, October 18. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.55 cents under December futures This was 0.03 cent weaker for the day but 0.3 [...]
As I've talked about a number of times of late, national average soybean basis remains strong. Last Friday saw the cmdty National Soybean Basis Index (NSBI, weighted national average) calculated at 42 cents under November futures, 1.7 cents stronger than [...]
The cmdty National Basis Indexes have been calculated for Friday, October 15. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.52 cents under December futures This was 0.13 cent weaker for the day but 0.63 [...]
The cmdty National Basis Indexes have been calculated for Thursday, October 14. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.39 cents under December futures This was 0.16 cent stronger for the day and 1.43 [...]
Even the most seasoned analysts need to remember to check their charts every once in a while. I was reminded of this after again mentioning how the cmdty National SRW Basis Index (SRBI, weighted national average) had firmed again Wednesday [...]
The cmdty National Basis Indexes have been calculated for Wednesday, October 13. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.55 cents under December futures This was 0.05 cent stronger for the day and 1.43 [...]
The cmdty National Basis Indexes have been calculated for Tuesday, October 12. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.60 cents under December futures This was 0.25 cent stronger for the day and 2.25 [...]
Yes, I know the hue and cry from industry "experts" is that soybeans are extremely bearish fundamentally. Why do they believe this? Because 99% of the industry drinks the USDA powdered drink (I won't disparage a brand name here). Here's [...]
The cmdty National Basis Indexes have been calculated for Monday, October 11. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 20.85 cents under December futures This was 0.30 cent stronger for the day and 2.42 [...]
Heading into the latest harvest weekend last Friday, my weekly calculation of 2021-2022 national average corn basis (green line) came in at 17.6 cents under December futures. This was 1.6 cents stronger for the week and well above the previous [...]
The cmdty National Basis Indexes have been calculated for Friday, October 8. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.15 cents under December futures This was 0.67 cent stronger for the day and 2.0 [...]
The cmdty National Basis Indexes have been calculated for Thursday, October 7. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.82 cents under December futures This was 0.16 cent stronger for the day and 0.93 [...]
The cmdty National Basis Indexes have been calculated for Wednesday, October 6. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.98 cents under December futures This was 0.87 cent stronger for the day (I mistakenly [...]
The cmdty National Basis Indexes have been calculated for Tuesday, October 5. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 21.85 cents under December futures This was 0.42 cent stronger for the day and 3.08 [...]
As I mentioned in Tuesday's Morning Commentary, there was a glimmer of strength in the corn basis market late Monday. My calculation of national average basis (green line), using a different national price index, came in at 18.8 cents under [...]
The cmdty National Basis Indexes have been calculated for Monday, October 4. The cmdty National Corn Basis Index (NCBI, weighted national average) was calculated at 23.27 cents under December futures This was 0.12 cent weaker for the day and 4.43 [...]
All aspects of the soybean market are in the spotlight Sunday as we head into what could be a key week. We’ve already seen how both the November futures contract and the cmdty National Soybean Price Index (NSPI, weighted national [...]
The cmdty National Basis Indexes have been calculated for Friday, October 1. Back by popular demand, I'm firing up the Daily Basis Updates once again. I appreciate your patience over the last month as I waited to see if the [...]
A number of you have sent me messages asking about my Daily Basis posts and I wanted to give you an update. Recall from previous discussions the cmdty National Corn Basis Index (NCBI, weighted national average) I generally follow seemed [...]
As we make our way through the early stages of the 2021-2022 marketing year, national average corn basis* is sitting well above its previous high after the first calculation of September. My theoretical number came in last Friday at 14.9 [...]
Given Hurricane Ida made landfall on the anniversary of Hurricane Katrina doing the same this past weekend, in much the same area of the US Gulf Coast, the basis market has moved back into the spotlight. To go back in [...]
The cmdty National Basis Indexes have been calculated for Wednesday, September 1. I thought both the basis and price indexes would work themselves out with the turn of the calendar page to September. I was incorrect. The situation is more [...]
The cmdty National Basis Indexes have been calculated for Tuesday, August 31. The cmdty National Corn Basis Index was calculated at 45.93 cents over September futures This was 1.73 cent stronger for the day and 9.23 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Monday, August 30. The cmdty National Soybean Basis Index was calculated at 29.20 cents under September futures This was 30.26 cents stronger for the day but 7.84 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Friday, August 27. The cmdty National Soybean Basis Index was calculated at 59.46 cents under September futures This was 4,98 cents stronger for the day but 38.12 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Thursday, August 26. As I said in Afternoon Commentary, the calculation of the cmdty National Soybean Basis Index was destined to provide some late comic relief. Remember folks, Soybean Basis Silly [...]
The cmdty National Basis Indexes have been calculated for Wednesday, August 25. The cmdty National Corn Basis Index was calculated at 52.46 cents over September futures This was 2.7 cents weaker for the day and 7.46 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Tuesday, August 24. The cmdty National Corn Basis Index was calculated at 55.16 cents over September futures This was 1.23 cents weaker for the day and 5.90 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Monday, August 23. The cmdty National Corn Basis Index was calculated at 56.39 cents over September futures This was 1.69 cents weaker for the day and 4.93 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Thursday, August 19. The cmdty National Corn Basis Index was calculated at 58.78 cents over September futures This was 1.14 cents weaker for the day and 5.01 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Wednesday, August 18. The cmdty National Corn Basis Index was calculated at 59.92 cents over September futures This was 1.14 cents weaker for the day and 6.09 cents weaker than last [...]
Is HRW wheat fundamentally bearish or bullish? It depends on what measure we use, and since there are only two gauges for understanding real supply and demand the process is relatively straight forward: Futures spreads The September-December futures spread is [...]
The cmdty National Basis Indexes have been calculated for Tuesday, August 17. The cmdty National Corn Basis Index was calculated at 61.06 cents over September futures This was 0.26 cent weaker for the day and 6.22 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Monday, August 16. It was another red-number day across the board for price and basis indexes Monday. The cmdty National Corn Basis Index was calculated at 61.32 cents over September futures [...]
Yes, the sun is setting on soybeans' silly season of calculating national average basis indexes against first the August issue than the even more irrelevant September contract. But before officially rolling to the heavily traded new-crop November issue the first [...]
Having reached the halfway point of August, with only two full weeks remaining in the 2020-2021 marketing year, our attention is naturally drawn more to new-crop 2021-2022 fundamentals. And no, I'm not talking about the imaginary numbers USDA released this [...]
The cmdty National Basis Indexes have been calculated for Friday, August 13. Friday was definitely not a lucky day for US basis markets. The cmdty National Corn Basis Index was calculated at 62.25 cents over September futures This was 1.54 [...]
The cmdty National Basis Indexes have been calculated for Thursday, August 12. The cmdty National Corn Basis Index was calculated at 63.79 cents over September futures This was 2.22 cents weaker for the day and 4.61 cents weaker than last [...]
With most of the focus on national average HRW and HRS wheat basis over the course of the summer, the cmdty National SRW Basis Index (SWBI, weighted national average) has been quietly sinking as if having struck an iceberg. As [...]
The cmdty National Basis Indexes have been calculated for Wednesday, August 11. The cmdty National Corn Basis Index was calculated at 66.01 cents over September futures This was 1.27 cents weaker for the day and 2.23 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Tuesday, August 10. The cmdty National Corn Basis Index was calculated at 67.28 cents over September futures This was 0.18 cent weaker for the day and 1.13 cents weaker than last [...]
Counting today (August 10) there are 16 business days remaining until the end of Soybean Basis Silly Season. At that time we will flip the calendar page to September, meteorological summer will be replaced by meteorological fall, and the cmdty [...]
The cmdty National Basis Indexes have been calculated for Monday, August 9. There is a lot of red on the cmdty National Index sheet Monday. The cmdty National Corn Basis Index was calculated at 67.46 cents over September futures This [...]
There wasn't much change last week in national average corn basis, with the cmdty National Corn Basis Index calculated Friday at 67.9 cents over September futures. As this seasonal CUB* chart shows national average basis weakened 6.7 cents last week [...]
The cmdty National Basis Indexes have been calculated for Friday, August 6. The cmdty National Corn Basis Index was calculated at 67.88 cents over September futures This was 0.52 cent weaker for the day and 6.7 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Thursday, August 5. The cmdty National Corn Basis Index was calculated at 68.40 cents over September futures This was 0.16 cent stronger for the day but 5.73 cents weaker than last [...]
The cmdty National Basis Indexes have been calculated for Wednesday, August 4. The cmdty National Corn Basis Index was calculated at 68.24 cents over September futures This was 0.17 cent weaker for the day and 6.54 cents weaker than last [...]
The cmdty National HRW Wheat Basis Index (HWBI, weighted national average basis) was calculated at 15.6 cents under September futures Wednesday afternoon (green circle marker), unchanged for the day but 4.3 cents weaker than last Friday's calculation of 11.3. cents [...]
The cmdty National Basis Indexes have been calculated for Tuesday, August 3. The cmdty National Corn Basis Index was calculated at 68.41 cents over September futures This was 0.74 cent stronger for the day but 6.7 cents weaker than last [...]
As I mentioned Monday afternoon when the latest cmdty National Basis Index calculations were released, complete with the first using the largely irrelevant September soybean futures contract, we are deep into Soybean Basis Silly Season. Given this it's time to [...]
The cmdty National Basis Indexes have been calculated for Monday, August 2. The cmdty National Corn Basis Index was calculated at 67.67 cents over September futures This was 6.91 cents weaker for the day and 7.44 cents weaker than last [...]
I haven't updated this in a while, but this look at national average corn basis versus the September (CU) contract only shows the CUB Calculation has stalled out. The 2020-2021 marketing year (green line) saw CUB post an incredible run, [...]
The cmdty National Basis Indexes have been calculated for Friday, July 30. The cmdty National Corn Basis Index was calculated at 74.43 cents over September futures This was 0.30 cent stronger for the day but 0.98 cent weaker than last [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
To answer your first question; No, this is not a discussion on the Chicago Cubs. Not only am I not a fan of Chicago sports teams, I'm now no longer interested in Major League Baseball as a whole given the [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Recall the last couple week's I've been highlighting the weakening cmdty National Corn Basis Index (NCBI, weighted national average) as it continues to fall back from its high of 16.4 cents over July futures (third week of May) to last [...]
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 [...]
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 [...]
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 [...]
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 [...]
I've written a lot over the last couple months about the downfall of the cmdty National Soybean Basis Index (NSBI, weighted national average cash price), and rightfully so. After posting its theoretical high of 11.8 cents over July futures the [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
