Once the cold weather breaks in the Northern Plains, AgMarket.net market analyst Tyler Schau thinks there could be some stress to local basis levels. “When we get a little better temperatures, there’s probably going to be quite a bit of grain moving to town as farmers get bins cored or finish getting bins cored, and get some grain hauled to town before road restrictions come on, which is not too far away.” The spot bid in most locations may look ugly, but Schau recommends looking out a month or two. “There’s some strength, there’s some carry. Talk to your merchandiser and maybe get something on the books for 30, 60 days out. Be proactive in these types of markets.”
