Articles tagged under: Basis

Basis Bids Remain Unchanged at Local Grain Elevators

Published November 4, 2020

Basis levels at the six regional grain elevators followed by the Red River Farm Network remained nearly unchanged from one week ago, while futures prices moved higher resulting in cash prices increasing 10 to 15 cents for corn and spring…

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What’s Hot, What’s Not in the Markets

Published October 26, 2020

Advance Trading Risk Management Advisor Tommy Grisafi highlights the current market situation in What's Hot, What's Not in the Markets. A strong futures market and a strong basis is providing opportunities at harvest time.

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Regional Basis Bids Remain Mostly Unchanged

Published September 29, 2020

Basis bids at the six Northern Plains grain elevators followed by the Red River Farm Network remain unchanged for spring wheat for nearby delivery. Corn and soybean basis levels are also mostly unchanged from last week. Spring wheat basis for…

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No Economic Incentive to Store Soybeans at Harvest

Published September 25, 2020

Farmers are cautious about selling soybeans off the combine. Midwest Market Solutions President Brian Hoops says farmers don’t really want to sell on the lower markets, but storing them is not a good option either. "There's no economic incentive to…

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What’s Hot, What’s Not in the Markets

Published August 31, 2020

In this week's edition of What's Hot, What's Not in the Markets, Advance Trading Risk Management Advisor Tommy Grisafi outlines positive news for the soybean trade. The stock market can considered a positive and negative story and that is also…

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Regional Basis Bids Remain Steady

Published August 19, 2020

Cash basis bids at the six regional grain elevators followed by the Red River Farm Network for nearby delivery remained fairly steady in the past two weeks of August. Spring wheat basis remains 20 to 80 cents under the September…

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Lightly Mixed Basis Bids Noted in Northern Plains

Published August 8, 2020

Basis bid at the six grain elevators followed by the Red River Farm Network were lightly mixed compared to one week ago. Spring wheat basis ranges 20 cents to 80 cents under the September futures, with cash bids ranging from…

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Favorable Soybean Basis Levels for ND at Harvest

Published August 2, 2020

Basis levels for the harvest delivery of soybeans are very favorable at many North Dakota grain elevator locations.  "When you look at where you're at in November futures compared to January futures, there's very small carry in the market," said…

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Soybean Harvest Basis Looks ‘Amazing’

Published July 14, 2020

The markets have not offered much excitement for the farmer. Northland Farm Business Management Instructor Betsy Jensen says there may be opportunities this fall. "To me, our harvest basis looks pretty amazing. If they need cash flow and don't have…

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Be Short Term Positive for the Markets

Published May 27, 2020

Cash basis bids have been firming slightly over the past month as more ethanol plants come back on line. Utterback Marketing President Bob Utterback says farmer are also reluctant sellers, which is firming the cash bid. "The firmness we're seeing…

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