Compared to basis levels noted at the six regional grain elevators in mid-February, spring wheat basis has widened at five of the six elevators. Spring wheat basis ranges from 25 to 71 cents under the May futures contract. Corn basis has less than a five cent swing, ranging from 45 to 90 cents under the May contract. Soybean basis ranges from 62 cents to $1.25 under the May contract.
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