Mississippi River levels are causing basis prices to soften

A corn, grain, and currency.

Basis prices are easing along the Mississippi River as water levels continue to dry up.

Economists with the University of Minnesota Extension say the basis for corn at a loading facility south of the Twin Cities is a quarter below southwest Minnesota. On a normal day, those statistics would be flipped with Minnesota upwards of $0.25 less than the river.

They are also keeping a close eye on the rail labor situation but say producers are likely keeping grain in storage on the farm until the situation gets under control.

Related Stories
The Association of Equipment Manufacturers’ monthly flash report revealed the sale of all tractors last month was down 21 percent, and combines were down 5 percent from the same point last year.
Soybean prices have been on a continuing decline for several months now, and an account executive for Bower Trading says the trend began in 2023.
The Biden Administration is set to show ethanol is less effective than previously thought at reducing greenhouse emissions.