In 2017, there were 12.34 million tons of soybeans crushed for soybean meal and oil in Iowa. The annual average statewide basis for 2017 was -$0.74 under the related futures market. In 2024 there were 15.22 million tons of soybeans crushed for soybean meal and oil in Iowa and the statewide annual average basis was -$0.48 per bushel. A simple linear relationship of statewide annual average basis and annual tons of soybeans crushed in Iowa is shown in Figure 1....