NEWS
DTN Daily Basis Comments
Mary Kennedy DTN Basis Analyst
Tue Apr 2, 2013 10:06 AM CDT
COMMENTS:

It should come as no surprise that the corn basis picked up 4 cents today with the continued sharp drop in corn futures causing the cash price to drop 91 cents since the day before the USDA report on Thursday. The cash soybean price has dropped 64 cents since the day before the report with the average basis dropping to -9 SK13 today. Although the soybean cash price was weaker again today, the potential for recovery is far greater than the chances for corn recovery until the market can get over the extra piles of corn found by the ...

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