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soybeans
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.
Read MoreSince 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.
Read MoreThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2025 crop budget estimations for 2025.
Read MoreThrough the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.
Read MoreIt has been six weeks since the November Crop Basis Update was released. In that window, harvest has wrapped up across Indiana, and corn and soybean basis levels have been relatively stable compared to September and October. In all parts of the state, crop basis levels were higher on December 18th than they were on November 6th. This includes basis levels for Ohio River delivery points, ethanol plants, and soybean processors.
Read MoreThis spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises. The user can evaluate up to three full-season crops, and the wheat double-crop soybean system. Updated February 2025.
Read MoreIn 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.
Read MoreNorthern Indiana Corn Basis Begins Weaker, but Narrows Gap with Southern Indiana as Harvest Proceeds
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.
Read MoreLooking back on last year, the importance of understanding how basis affects your marketing plan is evident. Basis levels for corn and soybeans peaked at different times during the 2023-2024 marketing year. Preparing for the Fall 2024 harvest, basis levels continue to be below the three-year trend. To check your up-to-date local basis levels throughout harvest this fall, visit Purdue Center for Commercial Agriculture Crop Basis Tool.
Read MoreThrough July, we have seen a wide variation in the movement of both corn and soybean basis across Indiana. In East Central Indiana, corn basis has stayed within a $0.04/bu. range over the last four weeks and is currently $0.01/bu. lower than during the first week of July.
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