Basis levels for corn, wheat and soybeans at grain elevators across the region are steady to a little better. Wheat basis ranges from 40 to 60 cents under the March futures contract. The corn basis ranges from 53 to 65 cents under the March contract. Soybean basis levels range from $1.15 to $1.45 under the January contract in Minot and Finley, North Dakota along with Aberdeen, South Dakota. Also, $1.15 to $1.30 under the March futures contract at Ulen and Warren, Minnesota. Southwest Grain at New Salem, North Dakota has no soybean bid at this time. The corn basis is 85 cents under the March futures contract for December delivery only.
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