GFM Network News

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Wheat basis levels improve, futures stay bearish

CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada […] Read more

This year’s smaller crop is expected to lead to more attractive basis, but producers will need to watch for local opportunities.

Look for improved basis this year

It’s a very different situation from two years ago — now grain companies are keen to 
‘keep their pipelines moving’

Reading Time: 3 minutes A bad-news year for crop production is a good year when it comes to basis — and so farmers should be shopping around this harvest, say market analysts. “In general in years when supplies are tight locally or in a region, you would normally expect to see basis levels that are stronger than what you […] Read more