# Basis rallies; futures eye China

> 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.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62102-basis-rallies-futures-eye-china
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger local basis reflects tight farmer selling and firmer cash demand, supporting cash feed grain prices even when futures are flat.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- agupdate.com: https://agupdate.com/iowafarmertoday/mwo/crop/article_215f625a-ecd2-11e8-ab41-6782e54ea188.html

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