A market analyst says basis levels have had a mixed response
to last week’s bullish USDA acreage report.

Naomi Blohm is with Total Farm Marketing.

“Depending on where you live, I’ve had some producers tell me that it has already widened out by about a nickel. Some places it stayed the same.”

She tells Brownfield it’s been interesting to follow cash prices in North Dakota, where farmers were still harvesting 2019 corn as recently as last month.

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