The National Soybean Index (intrinsic value of the soybean market) got within sight of its long-term downside target in mid-July, correlating to higher available stocks-to-use.New-crop futures spreads continue to cover a neutral-to-bullish level of calculated full commercial carry, while the old-crop August-September is as useless as ever.National average basis is a mixed bag, with Tuesday evening showing the NSI price above both the September and November futures contracts.As I’ve said before, when it comes to the soybean market we lose two out of our three reads on real fundamental when the …