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Market analyst says record soybean basis in St. Louis

A market analyst says soybean basis in St. Louis set a record this week, trying to incentivize farmers to sell new crop. “The actual bid for soybeans at St. Louis is 34 cents over, the highest for this week since 1999.” Garrett Toay with...

Record yields challenging Michigan basis

The chairman of the Michigan Corn Growers Association says record corn and soybean yields will challenge profitability this season. Matt Frostic tells Brownfield, “That does contribute to a higher basis on corn and lower prices overall.” “That’s certainly a battle we’ve got to walk...

Some strong basis levels in southern Minnesota

Some Midwestern grain farmers are finding strong basis levels. Tim Waibel farms near Courtland in south-central Minnesota and says he’s been delivering corn to an ethanol plant in Fairmont. “And they’ve really been paying up on the basis, and we’re seeing a 70-cent spread...