# Midweek Cash Markets | July 24, 2024 - Pro Farmer

> 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.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29431-midweek-cash-markets-july-24-2024-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Basis levels much weaker than the three-year average indicate ample grain supplies and softer cash feed grain values for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- LCATTLE: neutral

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/midweek-cash-markets-july-24-2024

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