Basis is a made up thing... they just pick it outta thin air really. If they need grains more or less the basis is the opposite of the need. If you are trying to figure out how to best market grain good luck as every day is different. All depends on what the fellas in Chicago feel like doing that day and in the grand scheme it is only that and nothing else although they claim it is the weather here or there, the ending stocks, domestic or foreign use, or the expected yield but all comes down to what they feel like doing.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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