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Corn Contracts
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JD Farm 3
Posted 8/2/2010 22:24 (#1298520)
Subject: Corn Contracts


NW Illinois
I was wondering if amyone has any information on how grain trading works? How is "Basis"determined? Who sets that price? Are there any good websites that explain how it works? I am a young begining farmer and I just sold my first corn contract for December today. I did a google search, but I get so much information its hard to get a straight answer. Any advice would be appreciated!

Thanks,
Steve
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