Posted 11/8/2018 17:46 (#7093346 - in reply to #7093271) Subject: RE: Who sets corn basis??
EC North Dakota
Basis is simply the difference between a buyer and the board. The buyer can set the basis anywhere he wants. But if he wants to buy grain at a given moment, he has to attract it somehow.
Who sets the basis for that buyer is up to his ownership/management. He might even let the competition set theirs everyday to determine his.