Basis is almost always listed around here. In a price chart for today, like this. (If uploading pics works today....)
The ‘futures’ price is CBOT price everyone across the nation hears.
The cash price is what I actually get.
The basis column is what I lose because of my location, we grow way more corn and beans than what we consume here locally. The basis price reflects shipping the extra grain out to people who want to buy some and are short.
Texas for example uses a lot of grain, but have a hard time growing a lot. So their basis might often be a postive number.
Basis is a reflection of what I actually get paid for my crop.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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