Spring wheat basis bid at the six regional grain elevators followed by the Red River Farm Network are mostly steady, ranging from 35 to 65 cents under the May contract. Corn basis levels are mostly unchanged from last week at 15 to 54 cents under the May contract. Soybean basis is unchanged with the exception of Agtegra in Grebnor, South Dakota. Agtegra soybean basis is at par with the futures contracts for April, May and June delivery. Other soybean basis levels range from 55 to one dollar under the May contract.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.