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wheat basis
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Farmer Brown
Posted 7/16/2010 12:35 (#1275763)
Subject: wheat basis


Nebraska Panhandle
Our HRW wheat basis at the local coop elevator just jumped to -1.65 I'm in western Nebraska. Seems like too wide of a basis. Wheat ended at $4.50 cash price yesterday. Today they added 9 cents to the basis. Was wondering what other people on here have for basis at their location. Seems like the price goes up and the elevator just raises the basis and the price settles back down.
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