Kub's Den
Elaine Kub Contributing Analyst
Wed Mar 18, 2015 08:26 AM CDT

It's that time of year when farmers are itching to get out and plant something, and market analysts are inexorably compelled to make a big deal out of the annual "battle for acres" -- specifically, the soybean-to-corn price ratio. I myself milked it for 1,000 words in the last Kub's Den column, but in reality, that little ratio (presently 2.36-to-1) may be a bit useless.

The local basis bids for the respective crops mean the math changes for each farmer in any given location. For instance, in western Iowa, new-crop soybean bids (50 cents under futures, or $8.90 per bushel) ...

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