Posted 11/12/2018 08:58 (#7100855 - in reply to #7100853) Subject: RE: Why a Basis?
KS and NE in eastern 3rd
Because it's what the farmer is willing to give up their grain for. The processor wants to buy it as cheap as possible. Here a lot of the times in the summer we have a positive basis, right now our corn bid is near 0 which is strong for this time of the year.
Why a Basis?
