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Corn, soy basis holds steady amid CBOT drop

Midwest basis stable despite futures decline

By Farms.com

Basis bids for corn and soybeans in the U.S. Midwest held steady on Friday despite a drop in Chicago Board of Trade (CBOT) futures, leading to cautious grain sales by farmers.

Maxar forecasts mostly dry weather in the Corn Belt, aiding corn and soybean planting. Rain expected in the central and southern Plains will boost soil moisture but delay winter wheat drying.

Market awaits USDA's crop progress report for soybean crop condition ratings. Last week, 75% of U.S. corn crop rated good to excellent by USDA, exceeding expectations.

NOPA revises April soybean crush estimate to 169.436 million bushels, up from 166.034 million bushels.

July corn CN24 settles at $4.48-3/4 per bushel on CBOT, while July soybeans SN24 finishes at $11.79-1/4 per bushel after strong U.S. jobs report strengthens dollar.


Trending Video

Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.