Canada Markets
Cliff Jamieson Canadian Grains Analyst
Wed Aug 13, 2014 05:02 PM CDT

In light of a continued push lower in nearby futures levels, basis for hard red spring on the prairies has been forced narrower as a combination of continued aggressive movement, downward pressure in the futures market, a lower Canadian dollar and a lack of producer selling has forced basis levels to narrow.

Basis levels south of the border are viewed as narrower than normal, where Tuesday's National Average Basis was reported at 28 cents under the September future, a level which is 37 cents stronger than the five-year average basis and just 3 cents weaker than the strongest basis reported ...

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