Basis bids at the six regional grain elevators followed by the Red River Farm Network are beginning to show some harvest pressure as old crop months roll into the new crop futures months. Spring wheat basis range from 67 cents to $1. Corn basis levels range from 27 cents to 80 cents under the December futures and soybean basis levels range from 98 cents to $1.50 under the November futures. Spring wheat basis levels widened by eight cents at Finley, 15 cents at Grebnor, South Dakota and 16 cents at New Salem, North Dakota. Corn basis narrowed by 15 cents at Ulen but widened by 10 cents in Minot, nine cents at Grebnor and five cents at Finley. Soybean basis widened by five cents at Minot and Finley.
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