Basis levels for the harvest delivery of soybeans are very favorable at many North Dakota grain elevator locations. “When you look at where you’re at in November futures compared to January futures, there’s very small carry in the market,” said Kristi Van Ahn, chief financial officer, Van Ahn and Company. “Basis is extremely strong for harvest delivery.” Soybean growers may want to take a look at locking in some of the crop. “Especially for those not storing their crop, it’s not an opportunity to pass up.”
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