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Pro Farmer's midweek cash markets show the national average corn basis 9.5 cents above September futures with cash corn at $4.13, and soybean cash at $11.22. SRW and HRW wheat bases were both weaker than three-year averages, and cash cattle averaged $193.57.
Basis levels much weaker than the three-year average indicate ample grain supplies and softer cash feed grain values for feed buyers.
profarmer.comBrian GreteJul 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
