NEWS
Kub's Den
Elaine Kub Contributing Analyst
Mon Dec 15, 2014 02:32 PM CST

Seeing -20 wind chills in November isn't entirely unusual in the Northern Plains -- and seeing -$1.00 basis bids definitely isn't. Farmers in North and South Dakota may have tried to forget about those triple-digit threats to revenue during the past couple of years of national grain scarcity, but their familiarity came flooding back recently while elevators have tried to ship out massive stockpiles via bottlenecked rail lines. Throughout the past nine months, the average cash bid for corn in North Dakota has been more than 90 cents under the nearby futures price. At the cash market's nadir in April, ...

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