Corn and soybean basis levels across the Eastern Corn Belt have strengthened for the second month in a row, with many locations now reporting a positive basis—especially at ethanol plants, soybean processors, and Ohio River terminals. Central Indiana and regional trends show basis levels outpacing historical averages, creating timely opportunities for improved grain marketing. Stay ahead of local trends with the Purdue Crop Basis Tool.

Between February 12th and March 12th, the markets for corn and soybeans significantly changed. As market prices have dropped, corn and soybean basis across the Midwest have strengthened. The basis strengthening is a welcomed change following over 2 months of weakening or unchanging basis. The falling market prices have decreased the value of uncontracted stored grain. Stored grain hedged through futures markets has increased in value over the last month as the basis has strengthened.

Since the beginning of December, corn and soybean basis across Indiana have generally been stable. Over the 10 weeks, most basis levels stayed within a $0.10/bu. range.