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Marketing

Corn Basis vs. Soybean Basis: A Very Different August

Corn basis weakened across much of the Eastern Corn Belt in August, but soybean basis told a very different story. What changed heading into September?

Josh Strine breaks down the latest corn and soybean basis movement and highlights the markets that moved the most.

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August brings late-summer weakening while Iowa soybean basis surges

Corn basis has weakened across much of the Eastern Corn Belt since late July, while soybean basis has taken a very different path. The biggest surprise? Iowa, where soybean basis strengthened sharply despite seasonal trends that pointed toward weakening.

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Farmer Sentiment Rebounds—Why Marketing Matters More Than Ever

Drawing on results from the latest Purdue University-CME Group Ag Economy Barometer, Michael explores how today’s combination of elevated input costs and tighter commodity margins is changing the way farmers think about risk. While farmer sentiment improved in July, the survey reveals that long-term profitability will depend less on producing a good crop and more on earning a profitable price for it.

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July Crop Basis Update: Strengthening Continues, But Seasonal Decreases Loom

Corn and soybean basis continued strengthening across much of the Eastern Corn Belt through mid-July, although some local markets have already begun to soften. See where basis is strongest, where it’s weakening, and what seasonal trends suggest for the weeks ahead.

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Corn Basis Is Doing Something Unusual This Summer

Corn and soybean basis strengthened across much of the Eastern Corn Belt over the past month — a surprising shift from the typical seasonal pattern of basis weakening heading into June. Josh Strine breaks down the latest corn and soybean basis trends, how current basis levels compare with historical averages, and what strengthening basis could mean for grain marketing decisions heading into July.

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Brazil’s 2027 Corn & Soybean Crop May Fall Short of Expectations

Brazil, the world’s largest soybean producer and a major corn exporter, is facing a more complicated production outlook for the 2027 crop year. Low commodity prices, high fertilizer costs, tighter credit conditions, and El Niño conditions, already present and expected to strengthen later this year, are all weighing production prospects. In this Purdue Commercial AgBrief, Joana Colussi looks at the key factors that could influence Brazil’s next crop season, and what it could mean for U.S. corn and soybean producers.

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June Crop Basis Update: Region-Wide Strengthening Continues

Corn and soybean basis strengthened broadly across the Eastern Corn Belt over the past month, breaking from typical seasonal trends. Indiana and Ohio continue to show some of the strongest basis levels in the region, while recent gains in Iowa have narrowed historical gaps. Use the Purdue Crop Basis Tool to monitor local opportunities as summer marketing decisions approach.

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Corn & Soybean Basis Trends Heading Into June

Corn and soybean basis strengthened across much of the Eastern Corn Belt, especially in Ohio and Indiana. Josh Strine breaks down the latest basis trends, regional differences, Ohio River demand, and what farmers should watch heading into June grain markets.

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Comparing Corn Production Costs and Returns in the United States and Brazil

Brazil’s rise in corn production is reshaping global competition for U.S. producers. This analysis compares corn production costs, revenues, and profitability between Iowa and Mato Grosso farms from 2020–2024, highlighting how Brazil’s second-crop corn system lowers fixed costs while exposing farmers to greater fertilizer dependence and weather risk.

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Basis Gains Slow as Historically Suggested Volatility Looms

Corn and soybean basis strengthened across much of the Eastern Corn Belt through late April and early May, though gains slowed significantly in recent weeks. Purdue’s May 2026 Basis Update examines regional basis differences, historical trends, and what producers may expect as volatility potentially increases heading into June.

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