Articles tagged under: Basis

Smaller Supplies, Steady Demand Strengthens SD Soybean Basis

Published April 9, 2021

Soybean basis at Agtegra in northern South Dakota is at par with the futures contracts for April, May and June delivery. BOLT Marketing market analyst DuWayne Bosse says a combination of prevent plant acres and the AGP crush plant depleted…

Top StoriesLatest NewsMarkets

Basis Bids Steady to Par Across Northern Plains

Published April 9, 2021

Spring wheat basis bid at the six regional grain elevators followed by the Red River Farm Network are mostly steady, ranging from 35 to 65 cents under the May contract. Corn basis levels are mostly unchanged from last week at…

Top StoriesLatest NewsMarkets

Wheat and Corn Basis Widens in Northern Plains

Published February 11, 2021

Basis bids at the six regional grain elevators followed by the Red River Farm Network had few minor changes compared to the previous week. Wheat basis firmed by five cents at Minot, North Dakota and widened by seven cents at…

Latest NewsMarketsLivestock

Regional Basis Bids Mostly Unchanged from Previous Week

Published January 28, 2021

Basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged from last week. Spring wheat basis ranges from 25 to 70 cents under the March futures contract. Corn basis ranges from 25…

Latest NewsMarketsCrops

Northern Plains Corn Basis Bids Improve Slightly

Published January 21, 2021

Basis bids at the six regional grain elevators followed by the Red River Farm Network are unchanged for spring wheat. Spring wheat basis bids range from 35 to 70 cents under the March contract. Corn basis improved by five cents…

Latest NewsMarkets

Northern Plains Basis Levels Stronger at Year End

Published December 30, 2020

Basis levels at the six regional grain elevators followed by the Red River Farm Network remain mostly unchanged from the previous week. Soybean basis remains 40 to 80 cents under the March futures contract. Corn basis levels is 25 to…

Latest NewsMarkets

Regional Basis Bids Steady Going Into Thanksgiving

Published November 25, 2020

Soybean basis bids at the six regional grain elevators followed by the Red River Farm Network were steady to 15 cents wider compared to one week ago, resulting in nearly unchanged cash prices as futures moved higher. Cash soybean prices…

Latest NewsMarkets

Demand Keeping Prices and Basis Firm in PNW

Published November 20, 2020

Basis levels continue to be firm even as corn and soybeans have a sharp rally. Bennett Consulting President Matt Bennett expects demand from the Pacific Northwest to keep cash corn prices firm. "There will be lots of corn going out…

Latest NewsMarkets

Northern Plains Basis Unchanged from Previous Week

Published November 20, 2020

Basis bids at the six regional grain elevators followed by the Red River Farm Network remain nearly unchanged from last week. Spring wheat basis bids range from 15 to 60 cents under the December futures contract. Corn basis ranges from…

Latest NewsMarkets

Basis Reflects Lower Yields and Carryout from USDA

Published November 13, 2020

USDA’s lowering of yields and carryout is reflected in basis levels. Progressive Ag Marketing market analyst Tom Lilja says the market was giving signs of tight supplies. "I think there's a big reason these basis levels have been so red…

Top StoriesLatest NewsMarkets