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
Blog Home Pages
May  2013
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31   
Subscribe to Market Matters Blog RSS
Recent Blog Posts
  • STB Seeks More Information on Proposed Rules for Weekly Rail Performance Reports
  • How the CME Makes Money
  • Minnesota Expected to Produce Record Corn Crop
  • Ag Groups Disappointed; Will Continue to Advocate for SAFE
  • DDG Exports to China Ahead of Last Year
  • Shutdowns Threatened by Class 1 Railroads Averted
  • High Marks for 2015 HRS Wheat
  • How Big Should Big Rigs Be?
  • Legislation Introduced to Extend PTC Deadline
  • CFTC Fines Two Grain Trading Operations
  • Low Water, Lock Repairs Cause Shipping Delays
  • Perspective on China's Big Soybean Buy
  • Possible Rail Shutdown Threatened if Safety Law Extension Not Granted
  • FSA Acreage Debacle
  • Heavier Loads on the Roads?
  • Railroads Respond to STB Requests to Provide Service Outlook
  • 2014-15 Crop Year Ends For Corn, Soybeans, Spring Wheat Basis
  • STB Needs to Make Timely Decision on Revenue Adequacy, Grain Rates
  • A Windshield Tour
  • Mr. Market Lives In China Too