Midweek Cash Market
Choice boxed beef prices extended their recent price decline over the past week.
Corn and soybean basis each dropped over the past week, but the respective cash prices surged.
Corn and wheat basis firmed even as cash prices rose.
Corn, soybean and wheat basis continues to rebound from the sharp late-winter plunge.
Wheat basis continues to rebound, but remains much weaker than normal.
Wheat basis rebounds from the plunge the previous week, corn and soybean beans weakens.
Wheat basis plunged over the past week amid the surge in futures.
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.