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.
U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) recognize that President Trump’s executive order to withdraw the United States from the Trans-Pacific Partnership (TPP) was inevitable.