You would think that when supplies of corn and soybeans are headed to their tightest levels ever you would see strong basis levels. The opposite is true today. Certainly, the fact that corn and soybean harvests are underway is a major reason for the weakness in basis, but there are some other important reasons as well.
Harvests for every commodity are early this year. In fact, it isn't just early, it is extremely early. Spring wheat harvest that is normally completed in August was basically finished in July. The corn and soybean harvests in the Northern Plains already are actively underway, with moisture content in the soybeans as low as 8 percent and corn already at 20 percent or less. The weak basis isn't the result of farmers aggre...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
