Midweek Cash Market
SRW wheat basis firmed and HRW basis didn’t drop too much given the surge in futures.
Corn, soybean and wheat basis held or firmed over the past week despite surging futures prices.
Soybean basis slipped a little over the past week, as farmer selling likely picked up, but remains stronger than average.
Corn and soybean basis slipped, but cash prices surged.
Soybean basis slipped only a penny as the cash price surged over $1 during the past week.
Corn basis firmed a penny over the past week as futures rose.
Corn basis firms, soybean basis slips; both remain above futures.
Boxed beef prices strengthened over the past week, while the cash cattle price weakened.
Cash livestock/meat prices start 2022 well above year-ago.
Soybean basis slipped again, but remains well above the three-year average.