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.