Soybean growers worry as harvest nears with no China sales

Justin Sherlock and other farmers in North Dakota are just a month away from combining their soybean crop, and their biggest market, China, has yet to order a single bushel. As a result, local cash bids in Sherlock’s area was down to $9.09 a bushel on Tuesday, $1.40 below the CME Group’s November futures price. That spread, or basis, would normally be about 70 to 90 cents a bushel,