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Senior Advisor

What direction is your corn basis moving?

Curious. I tend to put more credibility in basis trend direction than futures trading trends when markets are relatively stable.

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10 Replies
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Honored Advisor

Re: What direction is your corn basis moving?

hard to tell as most markets around here just switched over to the July from the May contract as a rule the basis has not moved much for the last month here in SC Iowa.

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Veteran Contributor

Re: What direction is your corn basis moving?

Basis in Central Ohio on the rise. Last week co-op raised 10 cents to 14 over. Ethanol plant raised their bid to 32 cents over, the week before. Good demand for corn in our area!

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Frequent Contributor

Re: What direction is your corn basis moving?

The corn basis is improving, but very slowly.   The local basis is -.07 for corn...

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Frequent Contributor

Re: What direction is your corn basis moving?

went from .04 under to .02 over today for May delivery.

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Contributor

Re: What direction is your corn basis moving?

basis continues inching higher in central Illinois.  Now +22N,  up from +16N a week ago.  New crop steady for some time at about -20Z.

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Senior Contributor

Re: What direction is your corn basis moving?

Ethol factory up +.25 here from +.22 earlier.

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Advisor

Re: What direction is your corn basis moving?

today at our location in ncia, corn basis went from -.07 to 0. this is historically very low for north iowa. amazing.

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Frequent Contributor

Re: What direction is your corn basis moving?

Here in SWMN -.08 to +.01 is kind of the norm now, creeping to the plus side in the last few weeks was -.25  a month ago,  If you want to head a little south into NWIA its as good as +.09

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Senior Contributor

Re: What direction is your corn basis moving?

+.40 corn here yesterday

 

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