Grain TV: Basis Levels Increase Particularly in NW
Mostly negative day for grains in futures, while basis levels increased for corn and soybeans across the country, particularly in the northwest. Basis levels are expected to continue to rise in coming weeks.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,