In the month leading up to the most recent crop basis update, distinct trends in the Northern and Southern parts of Indiana were observable. Over the past three weeks, there has been a consistent basis strengthening across Indiana for both corn and soybeans. In every part of the state, corn and soybean basis were greater on November 6th than on October 10th. In most cases, this has meant that basis levels have exceeded the three-year average for the first time this year.

Through the first month of the 2024-2025 marketing year, two distinct patterns in Indiana corn basis have emerged. First, basis levels in the Northern and Eastern parts of the state began September significantly lower than those in Southern Indiana. The second trend involved changes in regional corn basis through September.