Cash basis bids at the six grain elevators followed by the Red River Farm Network saw few changes in the past week. Spring wheat basis at Ulen and Warren, Minnesota widened 10 to 15 cents. The corn basis was mixed, widening by 10 cents at New Salem, but narrowing by five to 10 cents at Ulen and Warren. The soybean basis improved five to 10 cents at Grebnor, South Dakota and Finley, North Dakota. Spring wheat basis ranges from 55 to 85 cent under the July futures. The corn basis ranges from 43 to 90 cents under the July futures and the soybean basis ranges from $1.05 to $1.45 under the July futures contract.
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