Articles tagged under: Basis

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…

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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…

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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…

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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…

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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…

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Cash Grain Basis Widens in Final Weeks of 2019

Published January 3, 2020

Cash grain basis bids at the six regional grain elevators followed by the Red River Farm Network widened in the last two weeks of 2019 as futures prices improved. The net cash price of 14 percent protein spring wheat improved…

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Farmers Can Still Take Advantage of Strong Corn Basis

Published December 6, 2019

Utterback Marketing President Bob Utterback says farmers may not like the price of corn, but take advantage of good basis levels. "You could be worse off storing some corn into next July. That's the real risk in this market. Not…

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Harvest Delays are Keeping Basis Levels Strong

Published November 20, 2019

A late harvest has local elevators searching for grain supplies. That is a bright sport for farmers looking to market this year’s crop. NDSU Extension crops economist and marketing specialist Frayne Olson says basis levels are stronger than normal for…

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Regional Basis Bids Improve for Wheat and Soybeans

Published November 20, 2019

Basis bids at the six regional grain elevators followed by the Red River Farm Network improved for spring wheat, while the corn is mostly unchanged and the bean basis improved five to six cents since early in November. Corn basis…

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On the Hunt for Basis Opportunities

Published November 20, 2019

Bower Trading President Jim Bower expects the biggest marketing opportunities to be in basis. "There's really good basis bids if you hunt them out. Some of our customers have as many as 40 basis decisions they consider each day. That's…

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