Loading…
The DTN National Soybean Index, a measure of cash soybean prices, rose to $15.13 per bushel, its highest level since July 2013. Cash bids were strongest in western Corn Belt states such as South Dakota and Nebraska, and the national basis was its strongest in eight years.
Strong cash bids and basis signal robust physical demand for soybeans and corn, which raises feed input costs for buyers. The move reflects market conditions more than a new supply shock.
dtnpf.comKatie Micik DehlingerApr 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
