# Soybean Basis Climbs Out of Cellar

> DTN reports that the national average soybean basis has risen above its five-year average for the first time in over two years, as of October 23. The improvement follows a long period of weak basis tied to the lack of Chinese export business during the trade war and the 2019 Mississippi River flooding.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56616-soybean-basis-climbs-out-of-cellar
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger basis raises the cash price farmers receive relative to futures, signaling improving export demand and firmer soybean and meal values at the local level.

## Read by commodity

- SOY: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/columns/cash-market-moves/article/2019/10/28/soybean-basis-climbs-cellar-2

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