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Articles tagged under: Basis

Basis Bids Hold Steady in the Northern Plains

Published September 10, 2021

While basis bids at river terminals along the Mississippi river have collapsed due to damage from Hurricane Ida, the basis bids at the six regional grain elevators followed by the Red River Farm Network have held mostly steady from one…
Latest NewsMarkets

Minor Spring Wheat Basis Updates Seen in Northern Plains

Published July 18, 2021

Basis bids at the six regional grain elevators followed by the Red River Farm Network had minor changes in the spring wheat basis. Basis bids range from 10 cents to 55 cents under the September futures contract. Corn basis is…
Latest NewsMarketsCrops

Regional Basis Levels Remain Strong

Published May 20, 2021

Spring wheat basis bid this week are mostly unchanged from the previous week at the six regional grain elevators followed by the Red River Farm Network. Corn basis bids jumped 50 cents at Ulen, Minnesota from 25 under the July…
Latest NewsMarkets

Not Much Old Crop Grain Left to Sell in the U.S.

Published May 17, 2021

Strong basis levels continue to suggest a limited supply of grain in the country. "There were lots of corn and soybean sales last fall and there's been some sales reaching at the $5 to $6 mark and now, farmers are…
Latest NewsMarkets

Regional Basis Bids Unchanged in Northern Plains

Published May 17, 2021

Basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged from one week ago. Spring wheat basis improved five cents at Minot, North Dakota but widened by 12 cents at New Salem,…
Latest NewsAg Business

Corn Basis Strengthens Across Northern Plains

Published April 30, 2021

Corn basis bids at the six regional grain elevators followed by the Red River Farm Network continue to strengthen. Corn basis at New Salem, North Dakota for May delivery moved from 35 cents under the May, to par with the…
Latest NewsMarkets

Ethanol Plant Basis Levels Remain Strong

Published April 22, 2021

Basis levels at ethanol plants across the Northern Plains remain strong. Green Plains Energy – Ottertail at Fergus Falls, Minnesota is five cents over the May futures for April and May delivery. Hankinson Renewable Energy at Hankinson, North Dakota is…
Latest NewsMarkets

Take Advantage of Good Basis Levels

Published April 19, 2021

Corn and soybean prices are supported by good demand. Progressive Ag Marketing market analyst Brian Strommen encourages farmers to take advantage of the strong basis levels. "Selling the cash if you have that offer on the table and if you're…
Latest NewsMarkets

Capture Basis Opportunities

Published April 17, 2021

Basis levels across the Northern Plains are unusually firm. Kluis Commodities market analyst Jacob Burks suggests putting offers in above the market to capture the quickly changing basis. "If you have corn in the grain bin, you're in control right…
Top StoriesLatest NewsMarkets

Corn Basis Strengthens As Supplies Tighten in Northern Plains

Published April 16, 2021

Basis levels for nearby corn delivery are strengthening as corn supplies tighten. Van Ahn and Company market analyst Kristi Van Ahn says the PNW market is forcing ethanol plants to compete for corn. "We used to see ethanol plants be…
Top StoriesLatest NewsMarkets
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