Newsom on the Market
Darin Newsom DTN Senior Analyst
Fri Oct 25, 2013 10:45 AM CDT

Five years? Has it really been that long? It still seems like only yesterday -- the early morning phone call announcing the inevitable end. Sadness was soon replaced by relief that the worst was now over. No more listening for thunder. "Dust in the wind. All we are is dust in the wind."

In late 2008, the wheat market was in ruins. Since mid-summer, national average basis for soft red wheat (the DTN National SRW Index minus the nearby Chicago futures contract) had been running at more than $2 under, the weakest that basis had ever been on record. Convergence ...

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