Grain TV: Basis Levels Dip as Futures Rise

Wheat looks as though it will trade higher as the agricultural minister of Russia restrains exports, while Ukraine could default on as much as 20% of its corn shipments to China, potentially sending more Chinese demand to the U.S. China has also been rumored to be taking U.S. DDG shipments again which could be positive for demand. Basis levels were positive through the week til Thursday before tapering off as futures began to rally.


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