2015 crop: 

We prefer to hold existing basis contracts, anticipating higher prices in 2017.

December 2017 Corn

2016 crop: 

If you need to price corn by year’s end, use a rally over $3.50 on December futures. Short-term technical indicators are turning negative, but the overall market action suggests the long-term outlook is positive. Hold basis contracts you might have, but it may be late winter or spring before we price those and add to sales.

2017 crop: 

With talk of smaller acreage, we are in no hurry to price new-crop corn.


The last update indicated harvest was 75 percent complete. With cash prices still holding relatively well and storage tightening, it invites a short-term pick up in producer sales. This week’s elections and the USDA’s November crop report both present short-term unknowns, especially the former. Corn demand remains robust, which should temper price slippage.

Marshall, MN Corn Basis