Farm Management Tour: July 17, 2024

Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.

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July 10, 2020

Forecasting Eastern Corn Belt Corn & Soybean Basis

On this Purdue Commercial AgCast episode, Purdue ag economist Nathan Thompson joins Jim Mintert to discuss corn and soybean basis in the Eastern Corn Belt. Learn about the Crop Basis Tool, which is updated weekly, to forecast basis and provides regional corn and soybean basis information for Illinois, Indiana, Michigan and Ohio. They conclude with a look ahead to 2020 corn and soybean basis and provide marketing suggestions for both old-crop still in storage as well as new-crop corn and soybeans. Find more on the Crop Basis Tool at https://purdue.ag/cropbasis.

TAGS:

corn, soybeans

TEAM LINKS:

James Mintert

Nathanael Thompson

RELATED RESOURCES

Stay Tuned for Possible Basis Swings This Summer

June 7, 2024

Since early May, Indiana corn basis has flattened or improved modestly, depending on the location. Corn basis levels throughout Indiana remain well below their three-year average.

Corn & Soybean Basis Continue to Strengthen Despite Being Significantly Weaker than Historical Basis Levels

May 9, 2024

In recent weeks, corn basis has continued to strengthen steadily at many locations across the eastern Corn Belt. For example, corn basis in central Indiana for the second week of May was $0.22/bu. under July ’24 corn futures. This is $0.13/bu. stronger than the first week of March.