Nearby soybean basis continues to plot a volatile course as the end of the market year approaches with supplies at historically tight levels. The roll from August to September futures this week caused basis to skyrocket thanks to an inversion of almost $1.
The spread itself has been erratic, dropping 20 cents before rebounding a bit. Deliveries against the August remain nil.
To read Bryce Knorr's complete weekly basis review, click HERE.
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