We are starting to see a seasonal shift in the country market that isn't uncommon time of year.
The mindset of the U.S. farmer is shifting away from grain marketing and toward grain production during spring planting season. This isn't uncommon, especially in years with depressed commodity values such as we have now.
Still, crop producers should keep at least some focus on developments in their local markets. This time of year is when some of the most favorable basis values can be found, especially in regions where little selling has taken place in recent weeks.
Regions of the Corn Belt that continue to run on lower inventories due to small crops from a year ago may see the greatest basis improvement. This could easily open the door for a producer to make a basis sale in the near future.
We will also start to see temperatures begin to warm over the next few weeks,...