Cash grain basis bids at the six regional grain elevators followed by the Red River Farm Network haven’t changed much in the past month as futures prices chop sideways. Spring wheat basis bids range from 20 to 55 cents under the March futures contract for 14 percent protein wheat. The corn basis ranges from 40 to 90 cents under the March contract. Soybean basis ranges from 65 cents to $1.20 under the March futures contract.
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