A shrinking spring wheat crop is firming up basis in the moisture-starved Northern Plains and Upper Midwest.
Al Kluis with Kluis Commodity Advisors says the drought is taking a toll in the Dakotas and Minnesota.
“The spring wheat crop is down by about 30 to 40 percent, so the basis bids have really started to improve for delivery right at harvest.”
He tells Brownfield the cost of shipping for grain companies serving the Pacific Northwest has gone up.
