Soybean Basis Continues to Crash, Does This Signal Convergence?
May 24, 2013
The end of the week brought a bit of selling ahead of the long 3-day holiday weekend. Soybeans, corn and wheat all experienced technical selling and profit taking. Basis levels continue to crash in the cash market for soybeans, but corn basis held firm for the week. Weather looks warmer and wetter into next week. Tune in for the full report!
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