Articles tagged under: Basis
Watch Basis Movement
Published December 6, 2018
As harvest wraps up, basis can improve. Utterback Marketing president Bob Utterback tells farmers to keep an eye on local basis levels and be prepared to take advantage of basis improvements. "We're in that time period where the market is squeezed.…Regional Basis Bids Steady
Published November 21, 2018
Basis bids at the local grain elevators the Red River Farm Network follows are steady to five cents better. Soybean basis ranges from $1.30 under to $1.55 under the January futures. Corn basis ranges from 52 cents under to 65…Regional Basis Levels Unchanged
Published November 15, 2018
Cash basis bids around the region is relatively unchanged for corn and soybeans. Wheat basis improved 10 to 25 cents at a few locations. At the six grain elevators the Red River Farm Network follows, wheat bids are quoted 40…Local Corn and Soybean Basis Widens, Wheat Basis Improves
Published November 2, 2018
The national average basis for soybeans is slightly improved at $1.10 under the January futures contract. However, soybean basis levels aren’t much improved at the local level, still $1.45 to $1.60 under. Compared to soybeans, there is more incentive to move…Regional Basis Levels Improve for Corn
Published October 23, 2018
The national basis levels for corn is steady at 42 cents under the December futures contract. Regional basis is improving for corn, compared to two weeks ago. Corn basis at the six local elevators the RRFN follows range from 60…Don’t Pray and Store
Published October 12, 2018
Due to poor prices and high basis levels, farmers are choosing to store unsold portions of the 2018 soybean crop. While there is uncertainty in the commodity markets right now, there is opportunity. Citizens Elevator Vice President of Grains Angie…National Basis Levels Unchanged, Local Basis Widens
Published October 9, 2018
The national basis levels for corn remain unchanged again this week at 43 cents under the December futures contract. Regional basis continues to widen for corn, compared to one week ago. Corn basis at the six local elevators the Red…Regional Basis Levels Widen
Published October 2, 2018
While the national average corn basis remained unchanged at 44 cents under the December Futures contract, regional basis widened at a few locations to as much as 75 to 90 cents under the December contract. Corn basis at six local…Farmers and Elevators Prepping for Storage Shortages
Published September 18, 2018
Grain elevators are preparing for storage shortages due a large crop and lack of demand. Minnesota Grain and Feed Association Executive Director Bob Zelenka says it will take time to straighten things out. "If they do, we have to get…