Basis | Red River Farm Network

Regional Basis Bids Unchanged

Published January 30, 2019

Basis bid at the six regional grain elevators the Red River Farm Network follows remain mostly unchanged from last week. Corn basis levels range from 52 to 57 cents under the March futures contract with cash prices ranging from $3.22…

The Markets are Waiting for Fresh News

Published January 11, 2019

The markets continue to wait on fresh news. To break out of current trading ranges, there needs to be better confirmation from the U.S. and China trade talks. That’s according to Stewart-Peterson Senior Market Advisor Naomi Blohm. "In the short…

China Could Be Buying Soybeans “Under the Radar”

Published January 1, 2019

China may be purchasing U.S. soybeans under the radar. Brock and Associates President Richard Brock explains it could be part of the strategy. "I think they'll start releasing the information on exports soon," says Brock. "The other thing we look…

Regional Basis Widens in Final Weeks of 2018

Published December 31, 2018

Over the past couple of weeks, basis bids at the six regional elevators the Red River Fam Network follows widened a bit for spring wheat, was steady for corn and mixed for soybeans. Spring wheat basis bids widened one nickel…

Steady Basis Seen in the Region

Published December 19, 2018

Basis levels for corn, wheat and soybeans at grain elevators across the region are steady to a little better. Wheat basis ranges from 40 to 60 cents under the March futures contract. The corn basis ranges from 53 to 65…

Rural Perspectives: Episode Four

Published December 17, 2018

The Red River Farm Network has teamed up with AgCountry Farm Credit Services in a new podcast series: Rural Perspectives. With large supplies and trade-related issues, regional soybean basis levels are quite wide. In episode four of Rural Perspectives, AgCountry Farm…

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…

Articles tagged under: Basis

Regional Basis Bids Unchanged

The Markets are Waiting for Fresh News

China Could Be Buying Soybeans “Under the Radar”

Regional Basis Widens in Final Weeks of 2018

Steady Basis Seen in the Region

Rural Perspectives: Episode Four

Watch Basis Movement

Regional Basis Bids Steady

Regional Basis Levels Unchanged

Local Corn and Soybean Basis Widens, Wheat Basis Improves

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