Soy, corn basis higher as futures fall
Bullish strength: 25/100
- Soybean basis bids strengthened in several Midwest locations.
- Decatur, Lafayette and Toledo reported higher soybean basis values.
Bearish strength: 75/100
- Grain futures fell sharply to multi-month lows.
- Soybean futures settled 15.25 cents lower at $12.41¼ per bushel.
- Advancing U.S. corn harvests could increase stocks and global export supplies.
- Easing crude oil prices added pressure to corn futures.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.