Articles tagged under: Basis

Strong Basis Confirmed in Stocks Report

Published October 1, 2019

Advance Trading Ag Risk Management Advisor Tommy Grisafi says Monday's Quarterly Stocks Report confirmed the very strong corn basis levels. "Basis doesn't lie. The basis is where you get final price and it's been on fire all over the country,…

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Unchanged Basis Bids at Regional Grain Elevators

Published July 31, 2019

Spring Wheat basis bids at the six regional grain elevators followed by the Red River Farm Network is mostly unchanged from one week ago. The spring wheat basis at Southwest Grain at New Salem, North Dakota narrowed by one penny.…

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End-Users May Want to Put a Lid on Costs

Published July 18, 2019

While the futures market has paid very little attention to planting delays and the lack of crop maturity, Kerns and Associates economist Dr. Steve Meyer says the story is with the basis. "There are places in the Eastern Corn Belt…

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End-Users Paying Above Posted Basis in ECB

Published July 10, 2019

Producer selling remains slow, which is pushing the corn basis levels higher. In the Eastern Cornbelt, spot corn basis levels are being posted as much as a plus-65 cents. "Of course the story is that there is a posted basis…

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Regional Basis Notes Few Changes

Published June 19, 2019

Cash basis bids at the six grain elevators followed by the Red River Farm Network saw few changes in the past week. Spring wheat basis at Ulen and Warren, Minnesota widened 10 to 15 cents. The corn basis was mixed,…

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Farmers Should Pay Attention to Soybean Risk Management

Published March 15, 2019

In recent years, soybeans have been profitable for North Dakota farmers. Due to current market volatility, those farmers have to pay better attention to risk management. "Going into the 2019 crop, the developments in the next six months will have…

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Somewhat Better Cash Grain Basis Across Region

Published March 13, 2019

Cash grain basis bids at the six regional grain elevators the Red River Farm Network follows generally improved for corn and soybeans. Corn basis bids improved from five to 15 cents at most elevators. However, basis bids at Ulen, Minnesota…

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Regional Basis Levels Mixed

Published March 5, 2019

Cash basis bids at the six regional elevators the Red River Farm Network follows were mixed compared to two weeks ago. The changes in spring wheat basis ranges is wide. The corn basis had the most movement with basis improving…

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Regional Basis Levels Mostly Unchanged

Published February 13, 2019

Basis levels at the six grain elevators the Red River Farm Network follows was mostly unchanged from last week. Wheat basis levels remain 42 to 70 cents under the March futures contract. Corn basis levels range from 45 to 75…

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Basis Levels Improve Slightly

Published February 5, 2019

Basis levels improved at a few of the regional grain elevators the Red River Farm Network follows. Compared to one week ago, New Salem saw soybean basis improve by nine cents, Ulen had a 12-cent improvement and Warren’s soybean basis…

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