Due to the extreme volatility in the futures markets the basis bids at the six regional grain elevators followed by the Red River Farm Network continue to weaken from last week. Spring wheat basis in Minot is 70 under the July. Soybean basis is $1.25 under the May. At Finley, spring wheat basis is 40 under the July, corn is five cents under the July and soybeans are 40 under the July. At New Salem, North Dakota, spring wheat is 80 under the September, corn is 75 under the July. At Grebner, South Dakota, spring wheat is 60 under the September, corn is 10 under the July and soybeans are 20 under the July. At Ulen, Minnesota, spring wheat is 30 under the July, corn is at par with the July contract and soybeans are 50 under the July contract. At Warren, spring wheat is 50 under the July, corn is 10 under the July and soybeans are 50 under the July.
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