Articles tagged under: Basis
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…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…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…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…More Chinese Corn Purchases Could Narrow Local Basis
Published March 25, 2020
Corn basis is widening at ethanol plants as demand dries up. In the Northern Plains, basis widened by 5 to 10 cents in the last week. Bids range from 50 to 70 cents under the May futures contract, with ethanol…Regional Basis Bids are Mostly Unchanged
Published March 25, 2020
Spring wheat basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged compared to one week ago. Basis bids in Finely, North Dakota and Warren, Minnesota improved by five cents. Those bids…Ethanol Economics Just Don’t Work
Published March 18, 2020
Corn demand is expected to continue to suffer as oil prices continue to move lower. Van Ahn and Company market analyst Kristi Van Ahn says the ethanol economics just don’t work. "Unleaded gasoline at the beginning of the year was…A Swing in Local Corn Basis Noted
Published March 6, 2020
Compared to basis levels noted at the six regional grain elevators in mid-February, spring wheat basis has widened at five of the six elevators. Spring wheat basis ranges from 25 to 71 cents under the May futures contract. Corn basis…Regional Basis is Holding Steady
Published February 12, 2020
Cash grain basis bids at the six regional grain elevators followed by the Red River Farm Network haven’t changed much in the past month as futures prices chop sideways. Spring wheat basis bids range from 20 to 55 cents under…