Basis bids at the six regional grain elevators followed by the Red River Farm Network remain nearly unchanged from last week. Spring wheat basis bids range from 15 to 60 cents under the December futures contract. Corn basis ranges from 25 to 50 cents under the December futures contract and the soybean basis ranges from 45 to 65 cents under the January futures contract. Cash prices for corn range from $3.69 in New Salem, North Dakota to $3.94 at Ulen, Minnesota. Cash soybean prices range from $10.98 at New Salem to $11.25 at Ulen. The cash price for spring wheat ranges from $4.87 at New Salem to $5.36 at Ulen.
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