Thu Nov 29, 2012 02:32 PM CST

Barge Freight Mixed; Soybean Basis Firm


The accompanying chart shows the strongest (red line) and weakest (blue line) the national average soybean basis (DTN National Soybean Index minus Chicago futures contract) has been over the last five marketing years along with the five-year average basis (purple line). As the chart indicates, the national average soybean basis of -35 cents under the January futures (green line) is up 1 cent from last week and is still above the five-year average of the strongest basis at this time. However, the soybean basis levels were weak along parts of the river with ...

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