# Monday Morning Basis Update

> The national average corn basis was 22 cents under September futures, while the DTN National Corn Index fell 11 cents to $3.15. USDA reported a 1.365 million tonne corn sale to China, the largest daily sale in 26 years, and the September contract closed 11.5 cents lower after an earlier rally.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/11497-monday-morning-basis-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record one-day sale to China signals strong export demand that supports corn values and may tighten US feed grain availability. Prices still faced selling pressure, so the bullish effect was partly reversed.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-03 | [Agri Marketing Update](https://feedsoft.ai/events/11129-agri-marketing-update.md) | +6.8% | +8.4% |
| CORN | 2025-03-01 | [Mexico Biotech Corn Ban Update - Ohio Corn & Wheat](https://feedsoft.ai/events/25528-mexico-biotech-corn-ban-update-ohio-corn-and-wheat.md) | -0.2% | +2.5% |
| CORN | 2018-10-02 | [Farming News - China: Grain and Feed Update](https://feedsoft.ai/events/62620-farming-news-china-grain-and-feed-update.md) | -1.1% | -0.7% |
| CORN | 2018-08-24 | [Beef Market Update: A lot of mouths to feed - RealAgriculture](https://feedsoft.ai/events/63660-beef-market-update-a-lot-of-mouths-to-feed-realagriculture.md) | -0.9% | +0.4% |
| CORN | 2019-05-16 | [Grain Market Update 16th May - Irish Farmers' Association](https://feedsoft.ai/events/12127-grain-market-update-16th-may-irish-farmers-association.md) | +4.0% | +9.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/07/11/corn-basis-stronger

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.