Basis bids for the six grain elevators followed by the Red River Farm Network remained mostly unchanged from the past week. Warren, Minnesota had an eight-cent improvement in spring wheat basis to 50 cents under the July contract. The corn basis at New Salem widened out by 15 cents to 33 cents under the July futures. The Grebnor, South Dakota corn basis narrowed by two cents to 48 cents under the July futures. Grebnor’s soybean basis improved by ten cents to $1.15 under the July soybean futures. At the six elevators, spring wheat basis ranges from 45 cents to 85 cents under the July futures contract. The corn basis ranges from 33 cents to 90 cents under the July contract and soybean basis ranges from $1.05 to $1.45 under the July contract.
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