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.