Corn and soybean basis

Question

What are you guys seeing for old crop basis ,I have been watching way too far for us to haul either crops...I am seeing a basis level of. 40 cents to almost a Dollar over our local market. West Central Wisconsin. Please comment. Thanks much. And what do you think of this  crazy market????

Answer

Current rate here in Central IL at the local elevator is basis of 20 cents for corn and 8 cents for soybeans. 
 Of course processors have to pay shipping to them from "market" so they pay over market price for your delivery.

Answer

Here in Maryland, we have 1 grainery paying .90 over for July

Answer

South Eastern South Dakota here. We just got up to .71 over on corn and .38 under on soybeans.

Answer

It varies greatly across the country here in southwest Kansas we are $1.35 over

Call (844) 200-FARM

Get 0% Financing All Season Long. T&C Apply.

Corn and soybean basis

Join Our Community!

This comment section is reserved for FBN members only.