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Central Illinois corn basis has rallied nearly 30 cents over two months and is roughly even with futures. Soybean basis around Decatur is up almost 25 cents as farmers hold back grain.
Stronger local basis reflects tight farmer selling and firmer cash demand, supporting cash feed grain prices even when futures are flat.
agupdate.comNov 20, 2018Not 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.
