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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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