Basis levels at ethanol plants across the Northern Plains remain strong. Green Plains Energy – Ottertail at Fergus Falls, Minnesota is five cents over the May futures for April and May delivery. Hankinson Renewable Energy at Hankinson, North Dakota is at par with the May futures for April and May delivery and five cents over the July for June and July delivery. CMG Tharldson at Casselton, North Dakota is at par with the May for April delivery, five cents over the July for May through July delivery and 20 cents over the September for August delivery. Poet at Groton, South Dakota is ten cents over the May for April through May delivery and 15 cents over the July futures for June and July delivery.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.