Basis is starting to narrow at certain levels in parts of the Northern Plains. “The only concern I’ve been seeing on the radar is that railcars have been getting more expensive,” says Kristi Van Ahn, market analyst, Van Ahn and Company. “If that’s the case, there could be pressure from basis opportunities from local elevators. Ethanol profitability and crush plant basis are strong and local elevators have been able to back off that and see good profitability.” Van Ahn tells farmers there are basis opportunities corn and soybeans in the region.
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