Market Matters Blog
Katie Micik DTN Markets Editor

Thursday 05/23/13

Dramatic Drop in Soybean Basis
Higher cash prices have lured old-crop supplies out of farmers' hands, leading to a dramatic drop in soybean basis.[Read Full Blog Post]
Posted at 6:35AM CDT 05/23/13 by Mary Kennedy | Post a Comment
Comments (2)
Mary,How do you feel new crop beans are basis wise?
Posted by Terry POHLMAN at 10:44AM CDT 05/23/13
Terry, new crop soybean basis levels seem flat right now with cash prices wanting to stay in the $11.50 to $12.00 range in various areas of the Midwest. With the current projections calling for a large U.S. soybean crop, new crop prices won't rally; unless we see weather problems that will affect the bean yields this summer.
Posted by Mary Kennedy at 2:59PM CDT 05/23/13
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