Basis used to be what it what it would cost to handle the grain and get it to the river. Yep it flucuates always has and always will. Many Many factors involved but all comes down to supply and demand in the local market.
at one time and to a lesser extent now feed use plays a role, Ethanol and bio diesal now have a major influence.
One thing you can usually count on is the basis will spread at harvest time. Lots of supply and the demand is always steady.
Clear as mud isn't it.
BTW if you figure out how the markets work and can predict them accuratly forget farming cept for play time and play the board. Much easier money if you know what it is gonna do. LOL
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Today's Featured Article - Weldin Basics, Part 3 - by Curtis von Fange. Oxy-acetylene Welding - Part One In our series on welding we have taken a brief look at AC and DC arc welding along with basic techniques and safety equipment required for safe usage. Since our premise is to cover welding types that might best be used on a farm environment we have kept our overview purposefully simple and general. The second type of welding that this observer finds quite useful in
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