Grain Basis Update

Research that gives you a competitive edge

Basis maps utilize spatial analysis to estimate the effects of supply and demand, transportation and commodity costs on local grain prices.

Basis is the difference between local cash prices and the nearby futures price. The next crop contract set to expire on the Chicago Board of Trade is known as nearby futures.

Local cash prices for corn and soybeans are gathered from 2800-3200 locations and then analyzed using a Geographic Information System (GIS) to estimate the basis of regions without observations. These maps are colored in five cent intervals with the dotted line delineating positive from negative areas. With few cash prices available in the South Eastern and Western regions, care should be taken when interpreting the estimated basis outside the Corn Belt. Wednesday price data is used in these maps and updates are posted weekly.

Corn Basis 7/29/2020 (Figure 1)
Soybean Basis 7/29/2020 (Figure 2)

Your dedicated Relationship Manager will help you access deeper research that is most beneficial to your business. Make time to speak with your Relationship Manager  today.

RaboResearch Podcast Series

Learn More

Our research gives you a competitive edge

Learn More

Tweets

Rabo AgriFinance @RaboAg

#RaboResearch Senior Animal Protein Analyst Don Close spoke yesterday at the Illinois Beef Association webinar, Today's Volatile Cattle Market and How to Navigate It. To watch Don's presentation and hear the insights that he shared, visit this link: https://t.co/B69N4WWMM1

Rabo AgriFinance @RaboAg

Adapting to technology on the farm will be key to future success says #RaboResearch Farm Inputs Analyst Sam Taylor. Digital tools such as artificial intelligence that alert farmers to be preemptive about pest treatments can curb crop damage and save money. https://t.co/LEadyTfCwi

Follow Us

Contact Us

Agricultural Financing

Customer Service