Midweek Cash Market
The average cash soybean price dropped sharply over the past week.
Wheat basis and cash prices firmed over the past week.
Basis firmed for soybeans and is now positive.
SRW wheat basis firmed despite the surge in cash price.
Basis remains well below average for corn and soybeans.
Basis slips a little for corn and soybeans; both weaker than average.
Soybean basis improved but remains below average.
Soybean basis weakened on the rollover to the January contract but the cash price firmed.