Corn and soybean basis update.

Corn basis in Central Illinois on October 4 was -38 cents per bushel. That is over the -30 average from the prior five years that held heavy supplies on that date.

Corn basis typically improves 14 cents from October 4 to the end of February in these heavy supply years.

Soybean basis in Central Illinois on October 4 was -52 cents per bushel. That is over the -47 average from the prior five years that held heavy supplies on that date.

Soybean basis typically improves 20 cents from October 4 to the end of December in these heavy supply years.

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