Ag Matters: Volatility Likely Ahead in Basis Levels

As the Corn Belt harvest gets underway, cash basis has weakened significantly across the region, falling by up to 25 cents per bushel for corn and more than 40 cents for soybeans since early September. However, Purdue University agricultural economics postdoctoral research assistant Josh Strine notes that the most compelling trend emerges when evaluating these current basis prices against historical data from recent years. 

He said harvest timing matters in a weaker basis.

Strine talked about the soybean basis levels.

Looking ahead, he said to expect more volatility in basis levels.

Again, that’s Josh Strine from Purdue University.