Posted by LonM on October 08, 2018 at 15:24:02 from (64.118.3.165):
In Reply to: Understanding basis posted by rrlund on October 08, 2018 at 05:58:03:
Thank you for posting. Basis is a good indicator of demand- it will fluctuate seasonally to reflect the demand in the marketplace. It is generally wide during harvest, and usually narrows going into spring as processors and end users need to replenish their feedstocks.
Basis is also a reflection of distance to markets and transportation costs.
Soybean basis has been interesting this summer, as most of the beans in my part of the world go to the pacific northwest ports. Soybean basis has widened 30-60 cents or more due to the lack of bids in the PNW. So, basis indicates to us that the demand for our beans is quite low out there.
In the cattle markets in my area of western MN/eastern SD, basis tends to be a positive number, meaning feeder cattle and fat cattle tend to sell higher in the cash markets than what they are trading at in Chicago on the futures market. Again, it is a reflection of demand.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
