Corn, soybean and spring wheat basis values remained relatively flat over the past week at the six grain elevators followed by the Red River Farm Network. Soybean basis levels are unchanged ranging from 95 cents to $1.30 under the May futures contract. The corn basis level improved two cents at New Salem, but remained unchanged at the rest of the elevators. Corn basis ranges from 35 to 55 cents under the May futures contract. Spring wheat basis values improved by 10 cents at Ulen and widened by five cents in Minot. Spring wheat basis remained unchanged at the remainder of the elevators over the past week. Spring wheat basis levels range from 35 cents under to 75 cents under the May futures contract.
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