Basis levels remain positive across the Northern Plains. “Most people’s bins were empty due to the drought in Canada and the Dakotas so we have lots of space available and a lot of staying power for the Northern Plains farmer,” said Tommy Grisafi, risk management advisor, Advance Trading. “Throw in the trouble with the Mississippi River and the grain flowing in a different direction than normal and you have a hot basis in North Dakota.” Election Day is another consideration for markets this week. “Stock markets tend to have a good rally after elections, especially midterms, regardless of who wins or loses.” Each month, Advance Trading Risk Management Advisor Tommy Grisafi and RRFN’s Don Wick discuss markets in the ‘Bull Pen.’ This interview can be found on RRFN’s YouTube channel.
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