Kristi Van Ahn, market analyst, Van Ahn and Company, is seeing a few grain elevators in the Alexandria, Minnesota area go to a cash-only bid for soybeans. “If you’re bringing in soybeans that are not contracted, they’re being forced to be cashed out or you cannot drop them.” In prior years, Van Ahn said elevators have adopted this policy when the basis was exceptionally wide. “Basis is wide, but not as much as in previous years. Elevators are trying to find a happy medium, saying we can’t get this moved right now.”
