Basis bids at the six regional grain elevators followed by the Red River Farm Network were mostly unchanged from last week for spring wheat and soybeans. The only exception was a five-cent widening of the spring wheat basis in Minot to 85 cents under the July contract. Spring wheat basis bids range from 45 to 85 cents under the July futures. Soybean basis ranges from $1.05 to $1.45 under the July futures. The corn basis had as much as a 13-cent widening at Ulen, 12 cents at New Salem, five cents at Warren and a three-cent widening at Grebnor, while Finley and Minot were unchanged. Corn basis ranges from 48 cents to 70 cents under the July futures contract.
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