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Basis
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weedbeaver
Posted 7/27/2014 20:40 (#3988997 - in reply to #3988578)
Subject: RE: Basis


NE ND
Basis Levels, all new crop Grand Forks ND:

-0.80 Nov Beans
-1.00 Dec Corn
-.60 Sept Wheat

Current cash corn at $2.51/bu (-1.15 basis). The new crop has improved some over the past couple weeks around here. Elevator manager said Gavilon in Grand Forks wasn't accepting any corn this year?? Stated the loss the elevator incurred from 2013 crop was close to $1 million already, and still have more to ship out yet. I think the corn fad is nearing an end up here.
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