Basis prices are softening along the Mississippi as river levels dry up.
University of Minnesota Extension grain market economist Ed Usset tells Brownfield the basis for corn at the Savage barge loading facility south of the Twin Cities is 25 cents below southwest Minnesota.
“That should be flipped. Southwestern Minnesota is normally 20 to 25 cents less than the river. Speaks to the problems at the river.
He says there’s also concern about a looming railroad strike.
