Grain TV: Cash Basis Levels Decline as Futures Continue Rally
Soybeans continued to surge higher while corn settle with slight losses ahead of Monday’s WASDE report. Cash basis levels declined over the week as growers take advantage of the strong futures market to sell grains.
The bulls took a break this week with the ICE July and Dec contracts giving back 46 and 34 points on the week, respectively. The July – Dec straddle finished