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MN and IA PFT Numbers
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w1891
Posted 8/23/2024 13:30 (#10863062 - in reply to #10862641)
Subject: RE: Or did USDA overestimate last years crop also?


S Illinois
You keep referencing basis. When you say "we" make sure you are referencing southern KS. Nation wide average basis is weak even after the hard futures break. So your area is deficient in corn. Nationwide is most definitely not. For example the NCI from DTN is negative which is the opposite of what the last 4 year have averaged.

https://www.dtnpf.com/agriculture/web/ag/markets/national-cash-index

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