Midweek Cash Market
Corn and soybean basis inched lower over the past week but remained historically strong.
Corn and soybean basis declines from recent peaks but remains well above average.
Cash soybean prices posted a big gain over the past week.
Corn and soybean basis remains well above the respective three-year averages.
Corn and soybean basis are both well above their respective three-year averages.
Corn basis continues to firm. The national average cash price is now just shy of $8.
Corn basis firmed along with a rally in futures. Soybean basis declined as futures rallied.
SRW and HRW wheat basis weakens amid strong rally in cash prices.