The national average basis for soybeans is slightly improved at $1.10 under the January futures contract. However, soybean basis levels aren’t much improved at the local level, still $1.45 to $1.60 under. Compared to soybeans, there is more incentive to move corn through the system. National basis levels are steady at 40 cents under the December futures contract. Corn basis levels are widening slightly in the region, compared to one week ago from 60 to 67 cents under. Local spring wheat basis slightly improved from one week ago. Ranges start at 35 cents to 77 cents under December futures.
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