soybeans

Corn basis remains steady across much of the Eastern Corn Belt as markets transition to May futures contracts, with particularly strong local basis levels in central Ohio and northern Indiana. Meanwhile, soybean basis shows significantly more volatility, with widening spreads across districts and notable weakness in Iowa. Ethanol plants continue to offer firm premiums relative to local delivery points, while soybean crush plant basis has softened in several states. Producers can use the Purdue Center for Commercial Agriculture’s Crop Basis Tool to compare local ethanol and crush plant basis levels and evaluate current pricing opportunities against historical averages.

Local corn basis across the Eastern Corn Belt has become more volatile, with regions like Indiana and Ohio showing continued strength to March futures, while parts of Illinois have seen weakening. In contrast, soybean basis has stabilized and remains below recent averages in much of the region. Historical patterns suggest basis volatility may ease as we head into the new year — but mixed signals from certain areas warrant close monitoring. Full regional breakdowns and charts are available in the complete article.